On average, analysts expect that OFS Capital Corp will report full year sales of $8.53 million for the current fiscal year, with estimates ranging from $35.44 million to $35.81 million. For the next fiscal year, analysts forecast that the company will post sales of $40.79 million per share, with estimates ranging from $39.91 million to $41.67 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover OFS Capital Corp.
Equities analysts expect OFS Capital Corp (NASDAQ:OFS) to report sales of $8.53 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for OFS Capital Corp’s earnings, with the highest sales estimate coming in at $8.57 million and the lowest estimate coming in at $8.48 million. OFS Capital Corp reported sales of $7.68 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The company is expected to report its next earnings results on Friday, August 4th.
OFS Capital Corp (NASDAQ:OFS) last announced its quarterly earnings results on Friday, May 5th. The investment management company reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. OFS Capital Corp had a return on equity of 10.40% and a net margin of 47.80%. The firm had revenue of $8.03 million for the quarter, compared to analysts’ expectations of $8.20 million. OFS has been the topic of a number of research reports. Zacks Investment Research raised OFS Capital Corp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Saturday, March 18th. National Securities lifted their price objective on OFS Capital Corp from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, March 20th. Langenberg & Company raised OFS Capital Corp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, March 27th. Finally, Ladenburg Thalmann Financial Services raised OFS Capital Corp from a “neutral” rating to a “buy” rating in a research note on Monday, March 27th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.
Shares of OFS Capital Corp (NASDAQ:OFS) traded down 0.35% during midday trading on Friday, hitting $14.21. The stock had a trading volume of 26,385 shares. The stock’s 50 day moving average price is $14.40 and its 200 day moving average price is $14.03. OFS Capital Corp has a 12 month low of $11.91 and a 12 month high of $15.23. The firm has a market cap of $137.84 million, a price-to-earnings ratio of 9.96 and a beta of 0.46. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date is Wednesday, June 14th. OFS Capital Corp’s payout ratio is currently 86.08%.
About OFS Capital Corp OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.
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