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

PennantPark Floating Rate Capital (NASDAQ:PFLT - Get Free Report) will announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

PennantPark Floating Rate Capital (NASDAQ:PFLT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. PennantPark Floating Rate Capital had a return on equity of 11.83% and a net margin of 43.40%. The firm had revenue of $37.97 million during 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 Trading Up 0.4 %

Shares of PFLT stock traded up $0.04 on Wednesday, reaching $11.41. 2,014,448 shares of the company's stock were exchanged, compared to its average volume of 685,048. PennantPark Floating Rate Capital has a 52 week low of $9.69 and a 52 week high of $12.63. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $703.20 million, a PE ratio of 10.19 and a beta of 1.68. The company's fifty day simple moving average is $11.32 and its 200 day simple moving average is $11.30.

PennantPark Floating Rate Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 10.78%. The ex-dividend date of this dividend is Friday, April 12th. 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 price target 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.