Zacks: Analysts Expect WhiteHorse Finance Inc (WHF) Will Announce Earnings of $0.37 Per Share

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Analysts expect that WhiteHorse Finance Inc (NASDAQ:WHF) will announce $0.37 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for WhiteHorse Finance’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.39. WhiteHorse Finance posted earnings per share of $0.33 in the same quarter last year, which indicates a positive year-over-year growth rate of 12.1%. The company is scheduled to announce its next quarterly earnings report on Friday, March 1st.

According to Zacks, analysts expect that WhiteHorse Finance will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.30. For the next financial year, analysts expect that the firm will report earnings of $1.54 per share, with EPS estimates ranging from $1.47 to $1.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for WhiteHorse Finance.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Tuesday, November 6th. The investment management company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. WhiteHorse Finance had a return on equity of 9.94% and a net margin of 100.60%. The company had revenue of $15.32 million for the quarter, compared to analyst estimates of $15.61 million.

A number of equities research analysts recently commented on the company. BidaskClub upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. JPMorgan Chase & Co. increased their price target on WhiteHorse Finance from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, July 23rd. ValuEngine upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet downgraded WhiteHorse Finance from a “b” rating to a “c+” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Thursday, November 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $14.25.

Shares of WHF stock traded down $0.13 during trading hours on Friday, hitting $13.70. The company had a trading volume of 20,124 shares, compared to its average volume of 31,442. WhiteHorse Finance has a 12 month low of $10.92 and a 12 month high of $15.80. The firm has a market cap of $282.30 million, a P/E ratio of 10.15 and a beta of 0.75. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.71.

Hedge funds have recently bought and sold shares of the company. Telemus Capital LLC acquired a new position in shares of WhiteHorse Finance in the 2nd quarter valued at $145,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of WhiteHorse Finance in the 1st quarter valued at $165,000. Eqis Capital Management Inc. acquired a new position in shares of WhiteHorse Finance in the 2nd quarter valued at $200,000. Macquarie Group Ltd. lifted its stake in shares of WhiteHorse Finance by 81.6% in the 2nd quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock valued at $577,000 after purchasing an additional 17,861 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of WhiteHorse Finance in the 2nd quarter valued at $853,000. 8.84% of the stock is currently owned by institutional investors.

About WhiteHorse Finance

WhiteHorse Finance, LLC is a business development company.

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Earnings History and Estimates for WhiteHorse Finance (NASDAQ:WHF)

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