Brokerages expect WhiteHorse Finance, Inc. (NASDAQ:WHF) to report $0.33 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for WhiteHorse Finance’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.34. WhiteHorse Finance posted earnings of $0.35 per share during the same quarter last year, which indicates a negative year over year growth rate of 5.7%. The firm is scheduled to report its next earnings report on Thursday, March 1st.
On average, analysts expect that WhiteHorse Finance will report full-year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $1.35. For the next year, analysts anticipate that the company will report earnings of $1.42 per share, with EPS estimates ranging from $1.40 to $1.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow WhiteHorse Finance.
Several research analysts have recently weighed in on the stock. Robert W. Baird cut shares of WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Monday, October 23rd. ValuEngine cut shares of WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. BidaskClub upgraded shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Oppenheimer began coverage on shares of WhiteHorse Finance in a research note on Thursday, November 30th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.00.
Shares of WhiteHorse Finance (NASDAQ WHF) traded down $0.18 during trading on Tuesday, hitting $14.11. 38,338 shares of the stock traded hands, compared to its average volume of 71,249. The stock has a market cap of $293.40, a PE ratio of 10.14 and a beta of 0.71. WhiteHorse Finance has a 1-year low of $12.01 and a 1-year high of $15.05. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date of this dividend is Friday, December 15th. WhiteHorse Finance’s dividend payout ratio (DPR) is 76.34%.
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WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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