KCAP Financial, Inc. (KCAP) Set to Announce Quarterly Earnings on Tuesday
KCAP Financial, Inc. (NASDAQ:KCAP) is set to announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
KCAP Financial (NASDAQ:KCAP) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). KCAP Financial had a net margin of 17.53% and a return on equity of 7.44%. The business had revenue of $7.66 million during the quarter, compared to analyst estimates of $7.95 million. On average, analysts expect KCAP Financial to post $0.3 EPS for the current fiscal year and $0.33 EPS for the next fiscal year.
Shares of KCAP Financial, Inc. (NASDAQ:KCAP) opened at 3.42 on Tuesday. The stock has a 50 day moving average of $3.54 and a 200-day moving average of $3.52. KCAP Financial, Inc. has a 12-month low of $3.30 and a 12-month high of $4.40. The firm has a market capitalization of $126.55 million, a P/E ratio of 22.80 and a beta of 1.69.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Tuesday, October 10th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 14.04%. The ex-dividend date is Friday, October 6th. KCAP Financial’s dividend payout ratio (DPR) is presently 320.00%.
A number of equities analysts have recently issued reports on KCAP shares. Zacks Investment Research cut shares of KCAP Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $3.50 price objective on shares of KCAP Financial in a research note on Friday, July 21st. Ladenburg Thalmann Financial Services started coverage on shares of KCAP Financial in a research note on Monday, September 25th. They issued a “neutral” rating for the company. Finally, ValuEngine upgraded shares of KCAP Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.75.
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About KCAP Financial
KCAP Financial, Inc is an internally managed, non-diversified closed-end investment company. The Company has approximately three principal areas of investments. First, the Company originates, structures and invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies (the debt securities portfolio).
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