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%.
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%.
TRADEMARK VIOLATION NOTICE: This piece was reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/22/brokerages-anticipate-fidus-investment-corp-fdus-to-announce-0-37-earnings-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fidus Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidus Investment and related companies with MarketBeat.com's FREE daily email newsletter.