PennantPark Floating Rate Capital (PFLT) Scheduled to Post Quarterly Earnings on Wednesday

PennantPark Floating Rate Capital (NASDAQ:PFLT) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

PennantPark Floating Rate Capital (NASDAQ:PFLT) last released its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. PennantPark Floating Rate Capital had a net margin of 43.40% and a return on equity of 11.83%. The business had revenue of $37.97 million for the quarter, compared to analyst estimates of $35.03 million. On average, analysts expect PennantPark Floating Rate Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PennantPark Floating Rate Capital Stock Up 0.7 %

Shares of PFLT opened at $11.38 on Monday. The firm’s 50 day moving average is $11.32 and its 200-day moving average is $11.31. The stock has a market capitalization of $701.35 million, a PE ratio of 10.16 and a beta of 1.66. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.34. PennantPark Floating Rate Capital has a 12 month low of $9.69 and a 12 month high of $12.63.

PennantPark Floating Rate Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were given a dividend of $0.1025 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.23 annualized dividend and a yield of 10.81%. PennantPark Floating Rate Capital’s dividend payout ratio is currently 109.82%.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market outperform” rating and set a $12.50 target price on shares of PennantPark Floating Rate Capital in a research note on Tuesday, March 26th.

PennantPark Floating Rate Capital Company Profile

PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S.