Brokerages expect OFS Capital Corporation (NASDAQ:OFS) to announce $0.30 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for OFS Capital Corporation’s earnings, with estimates ranging from $0.29 to $0.30. OFS Capital Corporation posted earnings of $0.36 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 16.7%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Friday, August 4th.
On average, analysts expect that OFS Capital Corporation will report full-year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.39. For the next year, analysts expect that the firm will post earnings of $1.48 per share, with EPS estimates ranging from $1.45 to $1.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover OFS Capital Corporation.
OFS Capital Corporation (NASDAQ:OFS) last issued its earnings results on Friday, May 5th. The investment management company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. OFS Capital Corporation had a return on equity of 9.63% and a net margin of 52.47%. The business had revenue of $8.03 million during the quarter, compared to the consensus estimate of $8.20 million.
A number of analysts recently commented on the company. Zacks Investment Research cut OFS Capital Corporation from a “buy” rating to a “sell” rating in a research report on Thursday, May 11th. National Securities restated a “buy” rating and issued a $16.00 price target on shares of OFS Capital Corporation in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. OFS Capital Corporation currently has a consensus rating of “Buy” and an average target price of $15.00.
Hedge funds have recently modified their holdings of the company. LSV Asset Management boosted its stake in shares of OFS Capital Corporation by 91.1% in the first quarter. LSV Asset Management now owns 21,400 shares of the investment management company’s stock worth $303,000 after buying an additional 10,200 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of OFS Capital Corporation during the first quarter worth approximately $148,000. Wells Fargo & Company MN boosted its stake in shares of OFS Capital Corporation by 243.0% in the first quarter. Wells Fargo & Company MN now owns 14,929 shares of the investment management company’s stock worth $212,000 after buying an additional 10,577 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of OFS Capital Corporation by 10.8% in the first quarter. Janney Montgomery Scott LLC now owns 116,772 shares of the investment management company’s stock worth $1,657,000 after buying an additional 11,353 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of OFS Capital Corporation by 39.5% in the first quarter. Goldman Sachs Group Inc. now owns 42,723 shares of the investment management company’s stock worth $606,000 after buying an additional 12,101 shares during the last quarter. Institutional investors and hedge funds own 25.48% of the company’s stock.
Shares of OFS Capital Corporation (NASDAQ:OFS) traded up 0.92% on Thursday, reaching $14.22. The company’s stock had a trading volume of 13,408 shares. The company’s 50-day moving average is $14.13 and its 200 day moving average is $14.36. The company’s market capitalization is $189.52 million. OFS Capital Corporation has a 12-month low of $12.25 and a 12-month high of $15.23.
OFS Capital Corporation Company Profile
OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.
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