Equities research analysts predict that Garrison Capital Inc. (NASDAQ:GARS) will announce earnings per share (EPS) of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Garrison Capital’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.30. Garrison Capital posted earnings per share of $0.16 during the same quarter last year, which suggests a positive year-over-year growth rate of 75%. The firm is expected to issue its next earnings results on Wednesday, November 8th.

According to Zacks, analysts expect that Garrison Capital will report full-year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.15. For the next year, analysts anticipate that the firm will report earnings of $1.05 per share, with EPS estimates ranging from $1.01 to $1.12. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Garrison Capital.

Garrison Capital (NASDAQ:GARS) last announced its earnings results on Tuesday, August 8th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Garrison Capital had a negative net margin of 0.38% and a positive return on equity of 8.33%. The company had revenue of $9.03 million during the quarter, compared to analyst estimates of $9.08 million.

GARS has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Garrison Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Citigroup Inc. restated a “market perform” rating on shares of Garrison Capital in a research report on Friday, May 12th. National Securities restated a “neutral” rating and set a $10.00 price objective on shares of Garrison Capital in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Garrison Capital in a research report on Friday, May 12th. Finally, ValuEngine cut shares of Garrison Capital from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.94.

In other news, CFO Brian S. Chase acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $8.07 per share, for a total transaction of $32,280.00. Following the completion of the transaction, the chief financial officer now owns 46,135 shares in the company, valued at $372,309.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in GARS. Goldman Sachs Group Inc. bought a new position in shares of Garrison Capital during the second quarter valued at $129,000. Alpine Woods Capital Investors LLC raised its position in shares of Garrison Capital by 81.8% in the second quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the investment management company’s stock valued at $165,000 after buying an additional 9,000 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Garrison Capital during the second quarter valued at $178,000. Stephens Inc. AR raised its position in shares of Garrison Capital by 14.1% in the first quarter. Stephens Inc. AR now owns 21,607 shares of the investment management company’s stock valued at $211,000 after buying an additional 2,673 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in shares of Garrison Capital by 35.6% in the second quarter. Oppenheimer & Co. Inc. now owns 53,727 shares of the investment management company’s stock valued at $444,000 after buying an additional 14,093 shares during the period. 21.67% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “$0.28 EPS Expected for Garrison Capital Inc. (GARS) This Quarter” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/28/0-28-eps-expected-for-garrison-capital-inc-gars-this-quarter.html.

Shares of Garrison Capital (GARS) traded down 0.59% on Wednesday, reaching $8.48. 23,098 shares of the company traded hands. Garrison Capital has a 1-year low of $7.77 and a 1-year high of $10.98. The stock has a 50-day moving average price of $8.16 and a 200 day moving average price of $9.01.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 13.21%. The ex-dividend date is Thursday, September 7th.

Garrison Capital Company Profile

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

Earnings History and Estimates for Garrison Capital (NASDAQ:GARS)

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