Analysts forecast that Capitala Finance Corp (NASDAQ:CPTA) will report $7.01 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Capitala Finance’s earnings. The highest sales estimate is $7.16 million and the lowest is $6.85 million. Capitala Finance reported sales of $11.59 million during the same quarter last year, which indicates a negative year over year growth rate of 39.5%. The company is expected to issue its next quarterly earnings results on Monday, August 3rd.
According to Zacks, analysts expect that Capitala Finance will report full-year sales of $28.53 million for the current fiscal year, with estimates ranging from $28.50 million to $28.57 million. For the next year, analysts expect that the business will report sales of $28.52 million, with estimates ranging from $26.68 million to $30.36 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Capitala Finance.
CPTA has been the topic of several recent research reports. TheStreet downgraded Capitala Finance from a “c-” rating to a “d+” rating in a report on Wednesday, March 18th. Zacks Investment Research lowered Capitala Finance from a “hold” rating to a “sell” rating in a report on Wednesday, June 3rd. JMP Securities lowered Capitala Finance from a “market perform” rating to an “underperform” rating and set a $2.25 price objective for the company. in a report on Tuesday, May 26th. Finally, ValuEngine lowered Capitala Finance from a “hold” rating to a “sell” rating in a report on Wednesday, June 17th. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The stock presently has a consensus rating of “Sell” and an average target price of $4.88.
CPTA stock traded up $0.01 during midday trading on Monday, reaching $2.60. 64,491 shares of the stock were exchanged, compared to its average volume of 216,281. The stock has a market capitalization of $42.14 million, a PE ratio of -0.61 and a beta of 1.84. Capitala Finance has a 52 week low of $2.18 and a 52 week high of $9.99. The company has a fifty day moving average price of $2.78 and a 200 day moving average price of $5.70. The company has a debt-to-equity ratio of 2.69, a current ratio of 14.49 and a quick ratio of 14.49.
About Capitala Finance
Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.
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