Gladstone Capital (GLAD) to Announce Earnings on Wednesday

Gladstone Capital (NASDAQ:GLAD) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.56 per share for the quarter.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Monday, February 5th. The investment management company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). Gladstone Capital had a return on equity of 11.59% and a net margin of 63.05%. The firm had revenue of $23.22 million for the quarter, compared to analysts’ expectations of $23.39 million. On average, analysts expect Gladstone Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gladstone Capital Price Performance

NASDAQ GLAD remained flat at $21.29 on Wednesday. The company’s stock had a trading volume of 7,439 shares, compared to its average volume of 147,905. The stock has a market cap of $463.06 million, a price-to-earnings ratio of 7.39 and a beta of 1.25. The firm has a fifty day moving average price of $20.55 and a 200-day moving average price of $20.55. Gladstone Capital has a 52 week low of $18.38 and a 52 week high of $22.56. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.20.

Gladstone Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be given a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 9.30%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Capital’s payout ratio is 68.75%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Monday.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.