$19.99 Million in Sales Expected for Fidus Investment Co. (NASDAQ:FDUS) This Quarter

Wall Street analysts predict that Fidus Investment Co. (NASDAQ:FDUS) will announce sales of $19.99 million for the current quarter, according to Zacks. Three analysts have made estimates for Fidus Investment’s earnings, with the highest sales estimate coming in at $20.27 million and the lowest estimate coming in at $19.61 million. Fidus Investment posted sales of $20.43 million in the same quarter last year, which suggests a negative year over year growth rate of 2.2%. The company is expected to issue its next earnings results on Thursday, August 5th.

On average, analysts expect that Fidus Investment will report full-year sales of $84.65 million for the current financial year, with estimates ranging from $83.10 million to $85.90 million. For the next fiscal year, analysts forecast that the business will report sales of $85.11 million, with estimates ranging from $83.91 million to $85.93 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Fidus Investment.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, May 6th. The asset manager reported $0.45 EPS for the quarter, topping the consensus estimate of $0.35 by $0.10. Fidus Investment had a net margin of 78.86% and a return on equity of 10.19%. The company had revenue of $23.29 million during the quarter, compared to the consensus estimate of $20.16 million.

Several research analysts have recently commented on the company. TheStreet raised Fidus Investment from a “c” rating to a “b-” rating in a report on Friday, May 28th. B. Riley boosted their target price on Fidus Investment from $16.50 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 10th. Zacks Investment Research cut Fidus Investment from a “buy” rating to a “hold” rating in a research note on Monday, July 12th. Raymond James increased their target price on Fidus Investment from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, May 7th. They noted that the move was a valuation call. Finally, Hovde Group downgraded Fidus Investment from an “outperform” rating to a “market perform” rating and upped their price target for the company from $17.00 to $18.50 in a report on Monday, May 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $17.07.

Several hedge funds and other institutional investors have recently made changes to their positions in FDUS. BlackRock Inc. grew its holdings in shares of Fidus Investment by 57.3% during the first quarter. BlackRock Inc. now owns 131,901 shares of the asset manager’s stock worth $2,051,000 after buying an additional 48,022 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new position in shares of Fidus Investment during the 4th quarter worth approximately $57,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Fidus Investment in the 1st quarter worth approximately $1,487,000. Neuberger Berman Group LLC purchased a new stake in shares of Fidus Investment during the 1st quarter valued at $663,000. Finally, Pinz Capital Management LP purchased a new stake in shares of Fidus Investment during the 1st quarter valued at $100,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

NASDAQ:FDUS traded down $0.10 during trading hours on Friday, hitting $16.79. 461 shares of the company traded hands, compared to its average volume of 75,758. The firm has a market cap of $410.35 million, a P/E ratio of 10.11 and a beta of 1.95. Fidus Investment has a one year low of $8.31 and a one year high of $18.00. The business’s 50-day simple moving average is $17.18.

The firm also recently disclosed a Variable dividend, which was paid on Monday, June 28th. Investors of record on Monday, June 14th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, June 11th. This represents a yield of 7.1%. Fidus Investment’s payout ratio is 80.00%.

About Fidus Investment

Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.

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Earnings History and Estimates for Fidus Investment (NASDAQ:FDUS)

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