$0.22 Earnings Per Share Expected for Garrison Capital Inc (GARS) This Quarter

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Brokerages forecast that Garrison Capital Inc (NASDAQ:GARS) will announce earnings of $0.22 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Garrison Capital’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.25. Garrison Capital reported earnings per share of $0.27 in the same quarter last year, which suggests a negative year over year growth rate of 18.5%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, March 5th.

According to Zacks, analysts expect that Garrison Capital will report full year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.93 to $1.02. For the next year, analysts forecast that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.91 to $0.97. Zacks’ EPS averages are an average based on a survey of research analysts that cover Garrison Capital.

GARS has been the subject of a number of research reports. Zacks Investment Research raised shares of Garrison Capital from a “strong sell” rating to a “hold” rating and set a $8.00 target price for the company in a research note on Tuesday, January 15th. National Securities reissued a “buy” rating and set a $11.00 target price on shares of Garrison Capital in a research note on Monday, November 12th. Finally, ValuEngine lowered shares of Garrison Capital from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st.

Hedge funds have recently added to or reduced their stakes in the stock. National Asset Management Inc. increased its holdings in shares of Garrison Capital by 24.8% during the 4th quarter. National Asset Management Inc. now owns 18,603 shares of the investment management company’s stock worth $120,000 after purchasing an additional 3,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Garrison Capital in the third quarter valued at approximately $122,000. Oppenheimer & Co. Inc. increased its position in shares of Garrison Capital by 18.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 24,526 shares of the investment management company’s stock worth $158,000 after acquiring an additional 3,901 shares in the last quarter. Stephens Inc. AR increased its position in shares of Garrison Capital by 19.6% during the fourth quarter. Stephens Inc. AR now owns 26,809 shares of the investment management company’s stock worth $172,000 after acquiring an additional 4,395 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Garrison Capital by 27.1% during the fourth quarter. Acadian Asset Management LLC now owns 90,335 shares of the investment management company’s stock worth $582,000 after acquiring an additional 19,282 shares in the last quarter. 25.70% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:GARS traded up $0.04 during trading on Tuesday, reaching $7.49. 7,278 shares of the company traded hands, compared to its average volume of 20,921. The firm has a market capitalization of $119.98 million, a P/E ratio of 7.00 and a beta of 0.67. Garrison Capital has a 1-year low of $6.03 and a 1-year high of $8.95. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 1.35.

Garrison Capital Company Profile

Garrison Capital Inc is a business development company specializing in investments primarily in the debt and equity of middle market companies. It seeks to invest in first lien senior secured loans, second lien senior secured loans, ?one-stop? senior secured or ?unitranche? loans, subordinated or mezzanine loans, unsecured consumer loans and to a lesser extent, selected equity co-investments in middle-market companies, warrants and minority equity securities in United States middle-market companies.

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