Zacks: Analysts Anticipate OFS Capital Corp (OFS) Will Announce Earnings of $0.37 Per Share
Wall Street brokerages expect OFS Capital Corp (NASDAQ:OFS) to announce earnings per share (EPS) of $0.37 for the current quarter, Zacks reports. Two analysts have issued estimates for OFS Capital Corp’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.37. OFS Capital Corp reported earnings of $0.38 per share during the same quarter last year, which indicates a negative year over year growth rate of 2.6%. The firm is scheduled to report its next earnings report on Friday, May 5th.
According to Zacks, analysts expect that OFS Capital Corp will report full year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.44 to $1.53. For the next financial year, analysts forecast that the company will report earnings of $1.52 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow OFS Capital Corp.
OFS Capital Corp (NASDAQ:OFS) last issued its quarterly earnings data on Wednesday, March 15th. The investment management company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $8.21 million for the quarter, compared to analysts’ expectations of $7.73 million. OFS Capital Corp had a net margin of 47.80% and a return on equity of 10.40%.
OFS has been the topic of several research reports. Zacks Investment Research raised OFS Capital Corp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Saturday, March 18th. National Securities reissued a “buy” rating and issued a $16.00 target price on shares of OFS Capital Corp in a report on Monday, April 3rd. Ladenburg Thalmann Financial Services raised OFS Capital Corp from a “neutral” rating to a “buy” rating in a report on Monday, March 27th. Finally, Langenberg & Company raised OFS Capital Corp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, March 27th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $15.00.
Hedge funds have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. increased its stake in shares of OFS Capital Corp by 49.9% in the third quarter. Punch & Associates Investment Management Inc. now owns 95,500 shares of the investment management company’s stock valued at $1,244,000 after buying an additional 31,795 shares in the last quarter. Silver Capital Management LLC bought a new stake in shares of OFS Capital Corp during the third quarter valued at about $432,000. Western Standard LLC bought a new stake in shares of OFS Capital Corp during the fourth quarter valued at about $4,916,000. GSA Capital Partners LLP increased its stake in shares of OFS Capital Corp by 40.8% in the fourth quarter. GSA Capital Partners LLP now owns 41,094 shares of the investment management company’s stock valued at $565,000 after buying an additional 11,900 shares in the last quarter. Finally, Ares Management LLC increased its stake in shares of OFS Capital Corp by 185.9% in the third quarter. Ares Management LLC now owns 118,357 shares of the investment management company’s stock valued at $1,542,000 after buying an additional 76,957 shares in the last quarter. Institutional investors and hedge funds own 23.53% of the company’s stock.
Shares of OFS Capital Corp (NASDAQ:OFS) traded down 0.90% during midday trading on Thursday, hitting $14.29. 63,596 shares of the stock were exchanged. The company has a market cap of $138.61 million, a price-to-earnings ratio of 10.01 and a beta of 0.46. OFS Capital Corp has a one year low of $11.91 and a one year high of $15.23. The firm has a 50 day moving average of $14.62 and a 200-day moving average of $13.96.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were given a $0.34 dividend. The ex-dividend date was Wednesday, March 15th. This represents a $1.36 annualized dividend and a dividend yield of 9.52%. OFS Capital Corp’s dividend payout ratio is currently 86.08%.
About OFS Capital Corp
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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