Zacks: Analysts Anticipate Medley Capital Corp (MCC) to Post $0.13 EPS

Brokerages expect Medley Capital Corp (NYSE:MCC) to announce earnings of $0.13 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Medley Capital’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.13. Medley Capital reported earnings of $0.15 per share in the same quarter last year, which indicates a negative year over year growth rate of 13.3%. The business is scheduled to issue its next earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Medley Capital will report full-year earnings of $0.55 per share for the current financial year, with EPS estimates ranging from $0.53 to $0.58. For the next year, analysts forecast that the company will post earnings of $0.58 per share, with EPS estimates ranging from $0.56 to $0.61. Zacks’ EPS averages are an average based on a survey of analysts that cover Medley Capital.

Medley Capital (NYSE:MCC) last announced its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Medley Capital had a negative net margin of 58.73% and a positive return on equity of 7.23%. The firm had revenue of $20.63 million for the quarter, compared to the consensus estimate of $22.19 million. During the same period in the previous year, the company posted $0.19 earnings per share. Medley Capital’s quarterly revenue was down 20.8% on a year-over-year basis.

A number of equities research analysts have issued reports on the company. ValuEngine upgraded Medley Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Medley Capital from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. National Securities restated a “neutral” rating and set a $6.00 price objective on shares of Medley Capital in a research report on Thursday, December 7th. Barclays decreased their price objective on Medley Capital from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods set a $6.00 price objective on Medley Capital and gave the company a “hold” rating in a research report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $5.63.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp raised its holdings in shares of Medley Capital by 23.3% in the second quarter. Stifel Financial Corp now owns 34,320 shares of the investment management company’s stock worth $220,000 after buying an additional 6,480 shares during the period. Pinebridge Investments L.P. raised its holdings in shares of Medley Capital by 73.4% in the third quarter. Pinebridge Investments L.P. now owns 32,534 shares of the investment management company’s stock worth $195,000 after buying an additional 13,767 shares during the period. WFG Advisors LP raised its holdings in shares of Medley Capital by 21.5% in the second quarter. WFG Advisors LP now owns 86,581 shares of the investment management company’s stock worth $553,000 after buying an additional 15,313 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Medley Capital in the third quarter worth approximately $124,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Medley Capital in the second quarter worth approximately $158,000. Hedge funds and other institutional investors own 28.51% of the company’s stock.

Shares of Medley Capital (NYSE MCC) traded up $0.13 during mid-day trading on Tuesday, reaching $4.41. The company’s stock had a trading volume of 264,448 shares, compared to its average volume of 317,404. Medley Capital has a fifty-two week low of $4.15 and a fifty-two week high of $7.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 5.02 and a current ratio of 5.02. The stock has a market capitalization of $239.14, a P/E ratio of -4.50, a PEG ratio of 1.52 and a beta of 1.15.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Wednesday, February 21st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.64 annualized dividend and a dividend yield of 14.51%. Medley Capital’s payout ratio is -65.31%.

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Medley Capital Company Profile

Medley Capital Corporation is a non-diversified closed-end management investment company. The Company’s investment objective is to generate current income and capital appreciation by lending directly to privately-held middle market companies, primarily through directly originated transactions to help these companies expand their business, refinance and make acquisitions.

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Earnings History and Estimates for Medley Capital (NYSE:MCC)

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