Zacks: Brokerages Anticipate Fidus Investment Corp (NASDAQ:FDUS) to Announce $0.32 EPS

Wall Street analysts expect that Fidus Investment Corp (NASDAQ:FDUS) will report earnings per share of $0.32 for the current quarter, Zacks reports. Four analysts have provided estimates for Fidus Investment’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.34. Fidus Investment posted earnings of $0.34 per share in the same quarter last year, which indicates a negative year over year growth rate of 5.9%. The business is expected to issue its next earnings report after the market closes on Thursday, August 6th.

According to Zacks, analysts expect that Fidus Investment will report full year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.20 to $1.32. For the next year, analysts forecast that the business will report earnings of $1.29 per share, with EPS estimates ranging from $1.25 to $1.34. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Fidus Investment.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, April 30th. The asset manager reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Fidus Investment had a return on equity of 8.19% and a net margin of 13.19%. The firm had revenue of $19.98 million for the quarter, compared to the consensus estimate of $19.61 million.

Several equities research analysts have recently weighed in on FDUS shares. Zacks Investment Research upgraded Fidus Investment from a “sell” rating to a “hold” rating in a report on Monday, June 15th. B. Riley upped their target price on Fidus Investment from $8.50 to $9.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Oppenheimer decreased their price objective on Fidus Investment from $19.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.50.

Shares of NASDAQ FDUS traded down $0.13 during midday trading on Friday, hitting $8.66. The company’s stock had a trading volume of 92,097 shares, compared to its average volume of 116,659. The business’s 50 day moving average is $8.89 and its two-hundred day moving average is $10.37. Fidus Investment has a 12-month low of $4.45 and a 12-month high of $16.25. The firm has a market cap of $211.62 million, a P/E ratio of 20.62 and a beta of 1.67.

Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG raised its holdings in Fidus Investment by 21.6% in the second quarter. UBS Group AG now owns 80,989 shares of the asset manager’s stock worth $735,000 after purchasing an additional 14,373 shares in the last quarter. Magnolia Capital Advisors LLC raised its holdings in Fidus Investment by 23.8% in the second quarter. Magnolia Capital Advisors LLC now owns 24,087 shares of the asset manager’s stock worth $218,000 after purchasing an additional 4,623 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Fidus Investment by 3.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 618,900 shares of the asset manager’s stock worth $5,613,000 after purchasing an additional 21,118 shares in the last quarter. Carroll Financial Associates Inc. raised its holdings in Fidus Investment by 50.0% in the second quarter. Carroll Financial Associates Inc. now owns 8,190 shares of the asset manager’s stock worth $74,000 after purchasing an additional 2,730 shares in the last quarter. Finally, Advisor Group Holdings Inc. bought a new position in Fidus Investment in the first quarter worth about $84,000. Hedge funds and other institutional investors own 30.07% of the company’s stock.

Fidus Investment Company Profile

Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.

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Earnings History and Estimates for Fidus Investment (NASDAQ:FDUS)

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