Analysts expect Harvest Capital Credit Corp (NASDAQ:HCAP) to announce earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Harvest Capital Credit’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.17. Harvest Capital Credit reported earnings of $0.25 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 36%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 8th.
According to Zacks, analysts expect that Harvest Capital Credit will report full-year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.70 to $0.72. For the next fiscal year, analysts forecast that the company will report earnings of $1.06 per share, with EPS estimates ranging from $1.04 to $1.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Harvest Capital Credit.
Harvest Capital Credit (NASDAQ:HCAP) last announced its earnings results on Tuesday, May 14th. The investment management company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The company had revenue of $3.04 million during the quarter, compared to analysts’ expectations of $3.39 million. Harvest Capital Credit had a net margin of 19.75% and a return on equity of 7.08%.
An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC raised its holdings in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) by 201.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,361 shares of the investment management company’s stock after acquiring an additional 14,936 shares during the period. Acadian Asset Management LLC owned about 0.35% of Harvest Capital Credit worth $225,000 at the end of the most recent reporting period. 8.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ HCAP opened at $10.40 on Friday. Harvest Capital Credit has a one year low of $9.31 and a one year high of $11.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.72. The company’s 50 day simple moving average is $10.36. The company has a market capitalization of $64.15 million, a PE ratio of 11.18 and a beta of 0.69.
The firm also recently declared a monthly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 23rd were given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 9.23%. The ex-dividend date of this dividend was Wednesday, May 22nd. Harvest Capital Credit’s payout ratio is currently 103.23%.
Harvest Capital Credit Company Profile
Harvest Capital Credit Corporation is a business development company providing structured credit to small businesses and specializing in leveraged buyouts, add-on acquisitions, recapitalizations, growth financings and debt refinancing investments. It prefers to invest in North America-based companies.
See Also: Analyst Ratings Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Harvest Capital Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harvest Capital Credit and related companies with MarketBeat.com's FREE daily email newsletter.