Brokerages Expect Alcentra Capital Corp (NASDAQ:ABDC) to Announce $0.19 EPS

Equities research analysts expect Alcentra Capital Corp (NASDAQ:ABDC) to post earnings of $0.19 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Alcentra Capital’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.18. Alcentra Capital reported earnings per share of $0.22 in the same quarter last year, which suggests a negative year over year growth rate of 13.6%. The company is scheduled to report its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Alcentra Capital will report full-year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.81. For the next year, analysts anticipate that the company will report earnings of $0.80 per share, with EPS estimates ranging from $0.80 to $0.81. Zacks’ EPS averages are an average based on a survey of research analysts that follow Alcentra Capital.

Alcentra Capital (NASDAQ:ABDC) last released its earnings results on Wednesday, August 7th. The asset manager reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The firm had revenue of $6.14 million during the quarter, compared to analysts’ expectations of $6.11 million. Alcentra Capital had a net margin of 31.91% and a return on equity of 8.30%.

Separately, ValuEngine cut shares of Alcentra Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

NASDAQ:ABDC traded down $0.01 during trading hours on Friday, hitting $8.83. 42,588 shares of the company traded hands, compared to its average volume of 104,678. The stock has a market capitalization of $114.33 million, a price-to-earnings ratio of 8.74 and a beta of 0.58. Alcentra Capital has a twelve month low of $5.58 and a twelve month high of $9.40. The firm has a 50-day moving average of $8.44 and a 200 day moving average of $8.06.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 26th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 8.15%. The ex-dividend date is Wednesday, September 25th. Alcentra Capital’s payout ratio is currently 71.29%.

Large investors have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC raised its stake in Alcentra Capital by 1.5% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 445,952 shares of the asset manager’s stock valued at $3,345,000 after purchasing an additional 6,794 shares during the last quarter. Appleton Partners Inc. MA bought a new stake in Alcentra Capital in the 2nd quarter valued at $89,000. LSV Asset Management increased its holdings in Alcentra Capital by 1,814.8% in the 1st quarter. LSV Asset Management now owns 39,540 shares of the asset manager’s stock valued at $296,000 after buying an additional 37,475 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Alcentra Capital by 226.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 33,257 shares of the asset manager’s stock valued at $249,000 after buying an additional 23,059 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Alcentra Capital in the 1st quarter valued at $85,000. Hedge funds and other institutional investors own 35.57% of the company’s stock.

Alcentra Capital Company Profile

Alcentra Capital Corporation is a business development company specializing in investments in lower middle-market companies. The fund seeks to invest in healthcare, business services, defense, government services, telecom and technology, media, infrastructure maintenance and logistics, and oil and gas services sector.

Read More: The role of implied volatility with call option volume

Get a free copy of the Zacks research report on Alcentra Capital (ABDC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Alcentra Capital (NASDAQ:ABDC)

Receive News & Ratings for Alcentra Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcentra Capital and related companies with MarketBeat.com's FREE daily email newsletter.