Portman Ridge Finance (PTMN) Expected to Announce Earnings on Thursday

Portman Ridge Finance (NASDAQ:PTMN - Get Free Report) is expected to be releasing its Q1 2025 earnings data after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.60 per share and revenue of $14.04 million for the quarter.

Portman Ridge Finance (NASDAQ:PTMN - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.08). Portman Ridge Finance had a net margin of 5.47% and a return on equity of 14.68%. The firm had revenue of $14.40 million during the quarter, compared to analysts' expectations of $15.14 million. On average, analysts expect Portman Ridge Finance to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Portman Ridge Finance Trading Down 0.7 %

Shares of PTMN traded down $0.09 during midday trading on Tuesday, hitting $12.20. 2,497 shares of the stock were exchanged, compared to its average volume of 46,815. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.14 and a current ratio of 3.14. The firm has a market cap of $112.28 million, a P/E ratio of 32.97 and a beta of 0.64. The stock has a fifty day simple moving average of $14.03 and a 200 day simple moving average of $16.03. Portman Ridge Finance has a 52-week low of $11.60 and a 52-week high of $20.84.

Portman Ridge Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 15.41%. The ex-dividend date was Monday, March 24th. Portman Ridge Finance's payout ratio is currently -293.75%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods cut their price target on shares of Portman Ridge Finance from $16.00 to $14.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th.

About Portman Ridge Finance

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business.