Fifth Street Finance Corp. (NASDAQ:FSC) Scheduled to Post Quarterly Earnings on Wednesday
Fifth Street Finance Corp. (NASDAQ:FSC) is scheduled to be announcing its earnings results before the market opens on Wednesday, August 9th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Fifth Street Finance Corp. (NASDAQ:FSC) last issued its quarterly earnings results on Wednesday, May 10th. The credit services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.02. Fifth Street Finance Corp. had a negative net margin of 33.60% and a positive return on equity of 8.83%. The firm had revenue of $45.56 million for the quarter, compared to analysts’ expectations of $50.76 million. On average, analysts expect Fifth Street Finance Corp. to post $0.55 EPS for the current fiscal year and $0.52 EPS for the next fiscal year.
Fifth Street Finance Corp. (NASDAQ FSC) opened at 5.31 on Tuesday. Fifth Street Finance Corp. has a one year low of $3.90 and a one year high of $6.32. The firm’s 50-day moving average is $4.73 and its 200 day moving average is $4.63.
A number of brokerages have recently commented on FSC. BidaskClub cut shares of Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. JMP Securities raised shares of Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 price objective on the stock in a research note on Monday, July 17th. Deutsche Bank AG raised shares of Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $4.75 to $6.00 in a research note on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $4.75 price objective on shares of Fifth Street Finance Corp. in a research note on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $5.68.
About Fifth Street Finance Corp.
Fifth Street Finance Corp. is a specialty finance company. The Company is a closed-end, non-diversified management investment company. The Company acts as a business development company (BDC). The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments, and capital appreciation from its equity investments.
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