Portman Ridge Finance (PTMN) Set to Announce Earnings on Thursday


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Portman Ridge Finance (NASDAQ:PTMN) is set to issue its quarterly earnings data after the market closes on Thursday, May 6th. Individual interested in registering for the company’s earnings conference call can do so using this link.

Portman Ridge Finance (NASDAQ:PTMN) last announced its earnings results on Thursday, March 11th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Portman Ridge Finance had a positive return on equity of 7.87% and a negative net margin of 47.13%. On average, analysts expect Portman Ridge Finance to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PTMN stock traded down $0.04 during midday trading on Tuesday, hitting $2.37. The company’s stock had a trading volume of 2,310 shares, compared to its average volume of 427,501. The stock has a market cap of $178.21 million, a price-to-earnings ratio of -8.31 and a beta of 1.34. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.34. The stock’s 50-day moving average price is $2.27 and its 200 day moving average price is $1.88. Portman Ridge Finance has a 1 year low of $0.99 and a 1 year high of $2.45.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 2nd. Investors of record on Monday, February 22nd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 10.13%. The ex-dividend date was Friday, February 19th. Portman Ridge Finance’s dividend payout ratio (DPR) is currently 300.00%.

A number of research firms have weighed in on PTMN. Zacks Investment Research upgraded shares of Portman Ridge Finance from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research note on Tuesday, January 5th. TheStreet raised Portman Ridge Finance from a “c-” rating to a “b-” rating in a research report on Monday, April 5th.

About Portman Ridge Finance

Portman Ridge Finance Corp. operates as a non-diversified management investment company. The firm targets companies operating in the fields of aerospace/ defense, business services, consumer products, education, food & beverage, healthcare, industrial & environmental services, logistic & distribution and media & telecommunications.

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Earnings History for Portman Ridge Finance (NASDAQ:PTMN)

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