Fidus Investment Co. (NASDAQ:FDUS) Expected to Post Earnings of $0.41 Per Share

Brokerages expect Fidus Investment Co. (NASDAQ:FDUSGet Rating) to report earnings of $0.41 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Fidus Investment’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.41. Fidus Investment reported earnings of $0.42 per share during the same quarter last year, which would indicate a negative year over year growth rate of 2.4%. The company is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that Fidus Investment will report full-year earnings of $1.63 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.69. For the next year, analysts forecast that the company will post earnings of $1.78 per share, with EPS estimates ranging from $1.70 to $1.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Fidus Investment.

Fidus Investment (NASDAQ:FDUSGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Fidus Investment had a net margin of 138.01% and a return on equity of 9.34%. During the same quarter in the prior year, the firm earned $0.45 earnings per share.

A number of analysts recently issued reports on FDUS shares. B. Riley raised their price objective on shares of Fidus Investment from $19.50 to $21.50 in a report on Monday, March 7th. Hovde Group lowered shares of Fidus Investment from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 23rd. StockNews.com began coverage on shares of Fidus Investment in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Raymond James increased their target price on shares of Fidus Investment from $19.50 to $21.50 and gave the stock an “outperform” rating in a research report on Monday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidus Investment currently has an average rating of “Hold” and an average target price of $20.25.

NASDAQ FDUS traded down $0.62 during trading hours on Monday, reaching $19.70. 140,374 shares of the company were exchanged, compared to its average volume of 102,693. Fidus Investment has a 1 year low of $16.09 and a 1 year high of $21.15. The business’s 50 day simple moving average is $19.91 and its 200-day simple moving average is $18.62. The stock has a market capitalization of $481.47 million, a P/E ratio of 4.14 and a beta of 1.63.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be given a $0.36 dividend. The ex-dividend date is Thursday, June 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.31%. Fidus Investment’s dividend payout ratio (DPR) is currently 30.25%.

Several hedge funds have recently added to or reduced their stakes in FDUS. Morgan Stanley raised its stake in Fidus Investment by 13.5% in the second quarter. Morgan Stanley now owns 377,857 shares of the asset manager’s stock valued at $6,424,000 after purchasing an additional 44,957 shares in the last quarter. Van ECK Associates Corp raised its stake in Fidus Investment by 7.5% in the fourth quarter. Van ECK Associates Corp now owns 372,173 shares of the asset manager’s stock valued at $6,692,000 after purchasing an additional 25,916 shares in the last quarter. BlackRock Inc. raised its stake in Fidus Investment by 9.1% in the fourth quarter. BlackRock Inc. now owns 196,151 shares of the asset manager’s stock valued at $3,527,000 after purchasing an additional 16,351 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Fidus Investment by 3.7% in the fourth quarter. Advisors Asset Management Inc. now owns 193,372 shares of the asset manager’s stock valued at $3,477,000 after purchasing an additional 6,882 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Fidus Investment by 15.8% in the third quarter. Mackenzie Financial Corp now owns 80,895 shares of the asset manager’s stock valued at $1,411,000 after purchasing an additional 11,014 shares in the last quarter.

Fidus Investment Company Profile (Get Rating)

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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