$20.54 Million in Sales Expected for Fidus Investment Co. (NASDAQ:FDUS) This Quarter

Equities research analysts forecast that Fidus Investment Co. (NASDAQ:FDUS – Get Rating) will announce sales of $20.54 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Fidus Investment’s earnings, with the highest sales estimate coming in at $21.34 million and the lowest estimate coming in at $19.74 million. Fidus Investment reported sales of $21.83 million during the same quarter last year, which would indicate a negative year over year growth rate of 5.9%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Fidus Investment will report full-year sales of $84.10 million for the current fiscal year, with estimates ranging from $81.32 million to $86.87 million. For the next financial year, analysts anticipate that the firm will post sales of $94.19 million, with estimates ranging from $89.50 million to $98.88 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Fidus Investment.

Fidus Investment (NASDAQ:FDUS – Get Rating) last issued its earnings results on Thursday, May 5th. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. Fidus Investment had a return on equity of 9.34% and a net margin of 138.01%. During the same period last year, the company earned $0.45 earnings per share.

Several research firms recently commented on FDUS. B. Riley boosted their price objective on shares of Fidus Investment from $19.50 to $21.50 in a research note on Monday, March 7th. Raymond James upped their target price on shares of Fidus Investment from $19.50 to $21.50 and gave the stock an “outperform” rating in a research note on Monday, March 7th. Zacks Investment Research downgraded shares of Fidus Investment from a “buy” rating to a “hold” rating in a research note on Tuesday. StockNews.com initiated coverage on shares of Fidus Investment in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Hovde Group downgraded shares of Fidus Investment from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $21.25.

A number of institutional investors have recently modified their holdings of FDUS. Deutsche Bank AG purchased a new stake in Fidus Investment during the third quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new stake in Fidus Investment during the first quarter valued at approximately $30,000. Chilton Capital Management LLC purchased a new stake in Fidus Investment during the fourth quarter valued at approximately $32,000. Evolution Wealth Advisors LLC purchased a new stake in Fidus Investment during the third quarter valued at approximately $50,000. Finally, Comprehensive Financial Consultants Institutional Inc. purchased a new stake in Fidus Investment during the fourth quarter valued at approximately $84,000.

Shares of FDUS stock opened at $19.42 on Wednesday. The stock has a fifty day moving average of $19.95 and a 200 day moving average of $18.64. Fidus Investment has a 52 week low of $16.09 and a 52 week high of $21.15. The firm has a market capitalization of $474.62 million, a price-to-earnings ratio of 4.08 and a beta of 1.63.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $1.44 dividend on an annualized basis and a yield of 7.42%. Fidus Investment’s dividend payout ratio (DPR) is 30.25%.

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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