Wall Street analysts predict that Alcentra Capital Corp (NASDAQ:ABDC) will post earnings per share of $0.27 for the current quarter, Zacks reports. Four analysts have made estimates for Alcentra Capital’s earnings. Alcentra Capital reported earnings per share of $0.45 in the same quarter last year, which indicates a negative year-over-year growth rate of 40%. The company is expected to issue its next earnings report on Thursday, March 15th.
According to Zacks, analysts expect that Alcentra Capital will report full year earnings of $1.30 per share for the current financial year. For the next financial year, analysts forecast that the firm will post earnings of $1.05 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Alcentra Capital.
Several equities research analysts have commented on ABDC shares. ValuEngine upgraded Alcentra Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Raymond James Financial upgraded Alcentra Capital from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 11th. Finally, UBS Group upgraded Alcentra Capital from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Alcentra Capital presently has a consensus rating of “Hold” and an average target price of $12.83.
Alcentra Capital (ABDC) traded up $0.06 during trading hours on Wednesday, reaching $7.76. The company’s stock had a trading volume of 14,243 shares, compared to its average volume of 69,286. Alcentra Capital has a 52 week low of $7.00 and a 52 week high of $14.73. The stock has a market cap of $109.69, a price-to-earnings ratio of 16.17 and a beta of 0.55.
Alcentra Capital announced that its board has approved a stock buyback program on Thursday, November 16th that permits the company to buyback $2.50 million in shares. This buyback authorization permits the asset manager to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.
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Alcentra Capital Company Profile
Alcentra Capital Corporation is a specialty finance company that operates as a non-diversified, closed-end management investment company. The Company operates as a business development company and a regulated investment company. It provides customized debt and equity financing solutions to lower middle-market companies, which are companies having annual earnings, before interest, taxes, depreciation and amortization of between $5 million and $15 million, and/or revenues of between $10 million and $100 million.
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