Analysts Anticipate Gladstone Capital Co. (NASDAQ:GLAD) to Announce $0.20 EPS

Brokerages predict that Gladstone Capital Co. (NASDAQ:GLADGet Rating) will announce $0.20 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Gladstone Capital’s earnings. Gladstone Capital also reported earnings of $0.20 per share in the same quarter last year. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Gladstone Capital will report full-year earnings of $0.86 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $0.87. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.80 per share, with EPS estimates ranging from $0.78 to $0.81. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Gladstone Capital.

Gladstone Capital (NASDAQ:GLADGet Rating) last posted its earnings results on Wednesday, February 2nd. The investment management company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.07. The business had revenue of $16.17 million during the quarter, compared to analyst estimates of $14.34 million. Gladstone Capital had a return on equity of 9.62% and a net margin of 147.34%. During the same quarter last year, the company earned $0.20 EPS.

A number of brokerages have recently issued reports on GLAD. Zacks Investment Research downgraded shares of Gladstone Capital from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. StockNews.com assumed coverage on shares of Gladstone Capital in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Raymond James began coverage on shares of Gladstone Capital in a research note on Wednesday, April 6th. They set a “market perform” rating for the company.

NASDAQ GLAD opened at $12.21 on Tuesday. Gladstone Capital has a one year low of $9.92 and a one year high of $12.58. The stock has a 50-day moving average of $11.44 and a 200 day moving average of $11.44. The company has a market capitalization of $418.80 million, a price-to-earnings ratio of 4.86, a PEG ratio of 2.83 and a beta of 1.38.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Friday, May 20th will be given a dividend of $0.0675 per share. This represents a $0.81 annualized dividend and a dividend yield of 6.63%. The ex-dividend date is Thursday, May 19th. Gladstone Capital’s payout ratio is currently 31.08%.

Several institutional investors and hedge funds have recently bought and sold shares of GLAD. Marshall Wace North America L.P. purchased a new stake in Gladstone Capital during the first quarter valued at approximately $39,000. CWM LLC purchased a new stake in shares of Gladstone Capital in the 4th quarter worth $67,000. Wells Fargo & Company MN increased its stake in shares of Gladstone Capital by 79.4% in the 2nd quarter. Wells Fargo & Company MN now owns 7,037 shares of the investment management company’s stock worth $80,000 after purchasing an additional 3,115 shares in the last quarter. National Bank of Canada FI purchased a new position in Gladstone Capital during the fourth quarter valued at $103,000. Finally, Private Advisor Group LLC bought a new stake in Gladstone Capital during the third quarter valued at about $118,000. 10.11% of the stock is currently owned by institutional investors.

About Gladstone Capital (Get Rating)

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.

Further Reading

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Earnings History and Estimates for Gladstone Capital (NASDAQ:GLAD)

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