Analysts expect that Harvest Capital Credit Corp (NASDAQ:HCAP) will announce $0.27 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Harvest Capital Credit’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.25. Harvest Capital Credit posted earnings per share of $0.36 in the same quarter last year, which would indicate a negative year over year growth rate of 25%. The company is scheduled to issue its next quarterly earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Harvest Capital Credit will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.95 to $0.97. For the next financial year, analysts expect that the business will post earnings of $1.12 per share, with EPS estimates ranging from $1.11 to $1.13. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Harvest Capital Credit.
Harvest Capital Credit (NASDAQ:HCAP) last issued its quarterly earnings results on Thursday, August 9th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). Harvest Capital Credit had a return on equity of 8.65% and a net margin of 24.15%. The company had revenue of $4.06 million for the quarter, compared to analysts’ expectations of $4.03 million.
Several research analysts recently commented on the stock. ValuEngine raised shares of Harvest Capital Credit from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Zacks Investment Research raised shares of Harvest Capital Credit from a “strong sell” rating to a “hold” rating in a report on Monday, July 16th. Finally, TheStreet raised shares of Harvest Capital Credit from a “c+” rating to a “b-” rating in a report on Wednesday, July 18th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.00.
Shares of HCAP stock opened at $10.66 on Friday. The company has a market cap of $69.68 million, a PE ratio of 8.33 and a beta of 0.76. Harvest Capital Credit has a 12-month low of $9.90 and a 12-month high of $13.87. The company has a quick ratio of 5.70, a current ratio of 5.70 and a debt-to-equity ratio of 0.63.
The firm also recently disclosed a dividend, which will be paid on Thursday, October 25th. Investors of record on Thursday, October 18th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Wednesday, October 17th. Harvest Capital Credit’s dividend payout ratio (DPR) is presently 89.06%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Harvest Capital Credit by 29.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 40,829 shares of the investment management company’s stock worth $419,000 after buying an additional 9,179 shares during the period. Gables Capital Management Inc. bought a new position in Harvest Capital Credit in the 1st quarter worth approximately $2,338,000. Finally, Franklin Square Holdings L.P. bought a new position in Harvest Capital Credit in the 2nd quarter worth approximately $29,714,000. 28.84% of the stock is owned by institutional investors.
Harvest Capital Credit Company Profile
Harvest Capital Credit Corporation is a business development company providing structured credit to small businesses and specializing in leveraged buyouts, add-on acquisitions, recapitalizations, growth financings and debt refinancing investments. It prefers to invest in North America-based companies.
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