Medley Capital Corporation (NYSE:MCC) Set to Announce Earnings on Wednesday
Medley Capital Corporation (NYSE:MCC) is scheduled to be posting its Q3 2017 quarterly earnings results before the market opens on Wednesday, August 9th. Analysts expect Medley Capital Corporation to post earnings of $0.17 per share for the quarter.
Medley Capital Corporation (NYSE:MCC) last posted its quarterly earnings data on Tuesday, May 9th. The investment management company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.05. Medley Capital Corporation had a return on equity of 8.10% and a net margin of 4.60%. The company had revenue of $24.36 million during the quarter, compared to the consensus estimate of $26.46 million. During the same quarter last year, the firm earned $0.26 EPS. The business’s revenue for the quarter was down 20.7% on a year-over-year basis. On average, analysts expect Medley Capital Corporation to post $0.68 EPS for the current fiscal year and $0.73 EPS for the next fiscal year.
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In related news, Director Seth Taube acquired 194,967 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was acquired at an average price of $6.06 per share, with a total value of $1,181,500.02. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brook Taube acquired 133,549 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was bought at an average cost of $6.15 per share, with a total value of $821,326.35. The disclosure for this purchase can be found here. In the last three months, insiders purchased 6,396,654 shares of company stock valued at $39,655,529. 8.70% of the stock is owned by insiders.
Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Medley Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reissued a “hold” rating and issued a $6.50 price objective on shares of Medley Capital Corporation in a research note on Friday, July 14th. National Securities dropped their price objective on shares of Medley Capital Corporation from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. Finally, Keefe, Bruyette & Woods downgraded shares of Medley Capital Corporation from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $8.50 to $7.00 in a research note on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.00.
Medley Capital Corporation Company Profile
Medley Capital Corporation is a non-diversified closed-end management investment company. The Company’s investment objective is to generate current income and capital appreciation by lending directly to privately-held middle market companies, primarily through directly originated transactions to help these companies expand their business, refinance and make acquisitions.
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