Stellus Capital Investment (SCM) Set to Announce Quarterly Earnings on Thursday

Stellus Capital Investment (NYSE:SCM) will issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings results on Tuesday, March 5th. The investment management company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Stellus Capital Investment had a net margin of 16.56% and a return on equity of 14.01%. The company had revenue of $28.02 million for the quarter, compared to analyst estimates of $27.20 million. During the same quarter last year, the business earned $0.44 EPS. On average, analysts expect Stellus Capital Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Stellus Capital Investment Price Performance

Shares of Stellus Capital Investment stock opened at $14.08 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.31. The firm has a fifty day simple moving average of $13.37 and a 200-day simple moving average of $13.05. The stock has a market capitalization of $339.75 million, a price-to-earnings ratio of 18.05 and a beta of 1.14. Stellus Capital Investment has a 1-year low of $12.19 and a 1-year high of $15.40.

Stellus Capital Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.1333 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.36%. The ex-dividend date is Friday, June 28th. Stellus Capital Investment’s dividend payout ratio is 205.13%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SCM shares. StockNews.com upgraded Stellus Capital Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. B. Riley reaffirmed a “sell” rating and issued a $12.50 price target (down from $13.00) on shares of Stellus Capital Investment in a research report on Wednesday, March 6th. Finally, Oppenheimer reissued a “market perform” rating and issued a $14.00 price objective on shares of Stellus Capital Investment in a research report on Wednesday, March 6th.

About Stellus Capital Investment

Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund prefers to invest in US and Canada.