Brokerages forecast that Garrison Capital Inc (NASDAQ:GARS) will report earnings per share of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Garrison Capital’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.28. Garrison Capital reported earnings of $0.31 per share during the same quarter last year, which would suggest a negative year over year growth rate of 12.9%. The business is scheduled to report its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Garrison Capital will report full year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.07 to $1.12. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.02 per share, with EPS estimates ranging from $0.94 to $1.12. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Garrison Capital.

Garrison Capital (NASDAQ:GARS) last issued its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). The firm had revenue of $8.90 million during the quarter. Garrison Capital had a return on equity of 9.33% and a net margin of 14.66%.

GARS has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Garrison Capital from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Garrison Capital from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Maxim Group restated a “buy” rating and issued a $11.00 price target on shares of Garrison Capital in a research report on Thursday, November 9th. Finally, National Securities restated a “neutral” rating and issued a $10.00 price target on shares of Garrison Capital in a research report on Monday, November 13th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Garrison Capital currently has an average rating of “Hold” and a consensus target price of $10.13.

In related news, CEO Joseph Bertrand Tansey bought 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average price of $8.45 per share, for a total transaction of $38,025.00. Following the transaction, the chief executive officer now directly owns 133,196 shares of the company’s stock, valued at $1,125,506.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian S. Chase bought 7,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average price of $8.17 per share, for a total transaction of $57,190.00. Following the transaction, the chief financial officer now directly owns 59,135 shares in the company, valued at $483,132.95. The disclosure for this purchase can be found here. Insiders have purchased a total of 40,602 shares of company stock worth $337,332 in the last quarter. 5.80% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in shares of Garrison Capital during the 2nd quarter valued at $129,000. OxFORD Asset Management LLP lifted its position in shares of Garrison Capital by 56.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock valued at $148,000 after acquiring an additional 6,321 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Garrison Capital during the 2nd quarter valued at $178,000. Stephens Inc. AR raised its holdings in Garrison Capital by 40.1% during the second quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock worth $250,000 after buying an additional 8,667 shares during the last quarter. Finally, Caxton Corp raised its holdings in Garrison Capital by 4.0% during the second quarter. Caxton Corp now owns 68,702 shares of the investment management company’s stock worth $567,000 after buying an additional 2,629 shares during the last quarter. Institutional investors own 24.22% of the company’s stock.

Shares of Garrison Capital (NASDAQ GARS) traded down $0.02 during midday trading on Tuesday, hitting $8.17. 63,226 shares of the stock were exchanged, compared to its average volume of 40,620. The firm has a market cap of $131.02, a P/E ratio of 24.76 and a beta of 0.24. Garrison Capital has a 1 year low of $7.77 and a 1 year high of $10.15. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 1.07.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 13.71%. Garrison Capital’s payout ratio is presently 339.39%.

TRADEMARK VIOLATION WARNING: “Brokerages Expect Garrison Capital Inc (GARS) Will Post Earnings of $0.27 Per Share” was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/brokerages-expect-garrison-capital-inc-gars-will-post-earnings-of-0-27-per-share/1809779.html.

About Garrison Capital

Garrison Capital Inc is a managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by making investments primarily in debt securities and loans of the United States-based middle-market companies, which it defines as those having annual earnings before interest, taxes and depreciation, or EBITDA, of certain amount.

Get a free copy of the Zacks research report on Garrison Capital (GARS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Garrison Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garrison Capital and related companies with MarketBeat.com's FREE daily email newsletter.