MidCap Financial Investment (MFIC) Set to Announce Quarterly Earnings on Tuesday

MidCap Financial Investment (NASDAQ:MFIC) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect MidCap Financial Investment to post earnings of $0.43 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $71.95 million during the quarter, compared to analyst estimates of $68.44 million. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. During the same quarter last year, the firm posted $0.43 earnings per share. On average, analysts expect MidCap Financial Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MidCap Financial Investment Price Performance

MidCap Financial Investment stock opened at $15.26 on Monday. The company’s 50 day simple moving average is $14.85 and its 200-day simple moving average is $14.03. The company has a debt-to-equity ratio of 1.45, a quick ratio of 4.43 and a current ratio of 4.43. MidCap Financial Investment has a 1 year low of $11.03 and a 1 year high of $15.40. The company has a market capitalization of $995.72 million, a price-to-earnings ratio of 8.38 and a beta of 1.45.

MidCap Financial Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 12th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 9.96%. The ex-dividend date of this dividend was Monday, March 11th. MidCap Financial Investment’s payout ratio is 83.52%.

Wall Street Analyst Weigh In

MFIC has been the topic of several research reports. Royal Bank of Canada increased their target price on MidCap Financial Investment from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 28th. Wells Fargo & Company lifted their price objective on shares of MidCap Financial Investment from $13.00 to $14.50 and gave the company an “overweight” rating in a report on Monday, January 29th. JPMorgan Chase & Co. increased their target price on shares of MidCap Financial Investment from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Citigroup boosted their price target on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Truist Financial increased their price objective on MidCap Financial Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.79.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.