$0.28 Earnings Per Share Expected for PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) This Quarter

Equities research analysts forecast that PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) will report earnings of $0.28 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for PennantPark Floating Rate Capital’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.28. PennantPark Floating Rate Capital reported earnings per share of $0.26 during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 8th.

On average, analysts expect that PennantPark Floating Rate Capital will report full year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.11. For the next financial year, analysts forecast that the firm will report earnings of $1.15 per share, with EPS estimates ranging from $1.12 to $1.18. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow PennantPark Floating Rate Capital.

PennantPark Floating Rate Capital (NASDAQ:PFLT) last posted its quarterly earnings results on Wednesday, November 17th. The asset manager reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. PennantPark Floating Rate Capital had a return on equity of 8.30% and a net margin of 83.90%. During the same quarter last year, the business posted $0.27 EPS.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research report on Tuesday. LADENBURG THALM/SH SH lowered PennantPark Floating Rate Capital from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research report on Monday, August 9th.

PFLT opened at $13.13 on Friday. The stock’s 50 day simple moving average is $13.23 and its 200 day simple moving average is $12.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.14 and a quick ratio of 0.14. PennantPark Floating Rate Capital has a 1 year low of $10.14 and a 1 year high of $13.92. The firm has a market cap of $510.51 million, a price-to-earnings ratio of 7.38, a PEG ratio of 0.22 and a beta of 1.96.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Wednesday, November 17th will be given a $0.095 dividend. The ex-dividend date is Tuesday, November 16th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.68%. PennantPark Floating Rate Capital’s dividend payout ratio is currently 64.05%.

Several hedge funds have recently modified their holdings of the company. Confluence Investment Management LLC grew its position in shares of PennantPark Floating Rate Capital by 1.3% in the 3rd quarter. Confluence Investment Management LLC now owns 65,404 shares of the asset manager’s stock worth $837,000 after buying an additional 844 shares during the last quarter. Raymond James & Associates grew its position in shares of PennantPark Floating Rate Capital by 13.6% in the 3rd quarter. Raymond James & Associates now owns 12,635 shares of the asset manager’s stock worth $162,000 after buying an additional 1,512 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of PennantPark Floating Rate Capital by 3.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 45,587 shares of the asset manager’s stock valued at $583,000 after purchasing an additional 1,623 shares during the period. LPL Financial LLC lifted its stake in shares of PennantPark Floating Rate Capital by 5.1% in the 3rd quarter. LPL Financial LLC now owns 34,910 shares of the asset manager’s stock valued at $446,000 after purchasing an additional 1,704 shares during the period. Finally, Advisor Group Holdings Inc. lifted its stake in shares of PennantPark Floating Rate Capital by 0.6% in the 2nd quarter. Advisor Group Holdings Inc. now owns 269,577 shares of the asset manager’s stock valued at $3,430,000 after purchasing an additional 1,730 shares during the period. Hedge funds and other institutional investors own 25.37% of the company’s stock.

About PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Ltd is a non-diversified closed-end management investment company invests in small market-cap and public middle market companies located in the U.S. and to a limited extent non-US companies. The fund invests in equity securities such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments with investment size of $2 to $20 million.

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Earnings History and Estimates for PennantPark Floating Rate Capital (NASDAQ:PFLT)

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