Zacks: Brokerages Expect WhiteHorse Finance, Inc. (WHF) to Announce $0.34 Earnings Per Share
Wall Street brokerages predict that WhiteHorse Finance, Inc. (NASDAQ:WHF) will report earnings per share (EPS) of $0.34 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for WhiteHorse Finance’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.35. WhiteHorse Finance reported earnings per share of $0.40 during the same quarter last year, which indicates a negative year over year growth rate of 15%. The business is expected to issue its next earnings results before the market opens on Tuesday, November 7th.
According to Zacks, analysts expect that WhiteHorse Finance will report full year earnings of $1.41 per share for the current financial year, with EPS estimates ranging from $1.37 to $1.44. For the next financial year, analysts expect that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.43 to $1.49. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for WhiteHorse Finance.
WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. WhiteHorse Finance had a net margin of 62.57% and a return on equity of 10.57%. The company had revenue of $14.29 million during the quarter, compared to analysts’ expectations of $12.57 million.
WHF has been the subject of several analyst reports. BidaskClub raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Robert W. Baird cut shares of WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a research report on Monday, October 23rd. Finally, ValuEngine raised shares of WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ares Management LLC raised its holdings in WhiteHorse Finance by 5.5% in the 2nd quarter. Ares Management LLC now owns 411,234 shares of the investment management company’s stock worth $5,498,000 after purchasing an additional 21,345 shares in the last quarter. Ativo Capital Management LLC bought a new position in WhiteHorse Finance in the 2nd quarter worth $1,097,000. IFP Advisors Inc bought a new position in WhiteHorse Finance in the 3rd quarter worth $743,000. Goldman Sachs Group Inc. raised its holdings in WhiteHorse Finance by 211.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock worth $618,000 after purchasing an additional 31,367 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in WhiteHorse Finance by 1.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 20,015 shares of the investment management company’s stock worth $268,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 9.59% of the company’s stock.
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Shares of WhiteHorse Finance (NASDAQ:WHF) traded up $0.08 during trading on Friday, hitting $14.40. 32,799 shares of the stock were exchanged, compared to its average volume of 48,451. The company has a market cap of $295.46, a PE ratio of 9.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.53 and a current ratio of 3.53.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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