Brokerages Anticipate Fidus Investment Corp (FDUS) to Announce $0.37 Earnings Per Share

Brokerages expect that Fidus Investment Corp (NASDAQ:FDUS) will post $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Fidus Investment’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.38. Fidus Investment reported earnings of $0.39 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 5.1%. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 1st.

According to Zacks, analysts expect that Fidus Investment will report full year earnings of $1.49 per share for the current fiscal year, with EPS estimates ranging from $1.48 to $1.50. For the next fiscal year, analysts forecast that the business will post earnings of $1.56 per share, with EPS estimates ranging from $1.51 to $1.59. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Fidus Investment.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.38 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. Fidus Investment had a net margin of 64.21% and a return on equity of 9.18%.

FDUS has been the subject of a number of research reports. Zacks Investment Research cut shares of Fidus Investment from a “hold” rating to a “sell” rating in a report on Monday, September 25th. BidaskClub cut shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th.

Several institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. lifted its stake in shares of Fidus Investment by 8.2% in the second quarter. D.A. Davidson & CO. now owns 6,615 shares of the asset manager’s stock valued at $111,000 after buying an additional 504 shares in the last quarter. First Allied Advisory Services Inc. lifted its stake in shares of Fidus Investment by 11.5% in the second quarter. First Allied Advisory Services Inc. now owns 19,155 shares of the asset manager’s stock valued at $323,000 after buying an additional 1,970 shares in the last quarter. Optimum Investment Advisors lifted its stake in shares of Fidus Investment by 31.2% in the second quarter. Optimum Investment Advisors now owns 40,482 shares of the asset manager’s stock valued at $681,000 after buying an additional 9,638 shares in the last quarter. CIBC World Markets Inc. bought a new position in shares of Fidus Investment in the second quarter valued at $177,000. Finally, Stifel Financial Corp bought a new position in shares of Fidus Investment in the second quarter valued at $196,000. 32.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fidus Investment (FDUS) opened at $15.12 on Monday. The company has a market cap of $370.33, a price-to-earnings ratio of 7.64 and a beta of 1.11. Fidus Investment has a twelve month low of $14.86 and a twelve month high of $18.21.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 20th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date of this dividend was Tuesday, December 19th. Fidus Investment’s dividend payout ratio (DPR) is 78.79%.

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Fidus Investment Company Profile

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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