PennantPark Floating Rate Capital (PFLT) Set to Announce Quarterly Earnings on Wednesday

PennantPark Floating Rate Capital (NASDAQ:PFLT) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect PennantPark Floating Rate Capital to post earnings of $0.33 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

PennantPark Floating Rate Capital (NASDAQ:PFLT) last issued its earnings results on Wednesday, February 7th. The asset manager reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $37.97 million for the quarter, compared to the consensus estimate 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 0.7 %

Shares of PFLT opened at $11.38 on Monday. The firm has a market cap of $701.35 million, a P/E ratio of 10.16 and a beta of 1.66. PennantPark Floating Rate Capital has a 1 year low of $9.69 and a 1 year high of $12.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.19 and a quick ratio of 0.19. The company has a 50 day simple moving average of $11.32 and a two-hundred day simple moving average of $11.31.

PennantPark Floating Rate Capital Dividend Announcement

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

Analyst Ratings Changes

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

About PennantPark Floating Rate Capital

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.