$17.82 Million in Sales Expected for Fidus Investment Corporation (FDUS) This Quarter
Brokerages expect Fidus Investment Corporation (NASDAQ:FDUS) to announce $17.82 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Fidus Investment’s earnings, with the highest sales estimate coming in at $17.98 million and the lowest estimate coming in at $17.58 million. Fidus Investment posted sales of $17.28 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The firm is expected to announce its next earnings report on Thursday, March 1st.
According to Zacks, analysts expect that Fidus Investment will report full year sales of $17.82 million for the current financial year, with estimates ranging from $69.13 million to $69.53 million. For the next year, analysts expect that the company will post sales of $74.29 million per share, with estimates ranging from $71.76 million to $77.39 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Fidus Investment.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research downgraded Fidus Investment from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. BidaskClub raised Fidus Investment from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th.
Shares of Fidus Investment (NASDAQ FDUS) opened at $16.03 on Friday. The stock has a market capitalization of $390.17, a PE ratio of 10.41 and a beta of 1.12. Fidus Investment has a 1 year low of $15.60 and a 1 year high of $18.21.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 20th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 9.73%. The ex-dividend date of this dividend is Tuesday, December 19th. Fidus Investment’s dividend payout ratio is currently 79.19%.
About Fidus Investment
Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.
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