Gladstone Capital Co. (GLAD) Expected to Announce Earnings of $0.21 Per Share

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Wall Street brokerages expect that Gladstone Capital Co. (NASDAQ:GLAD) will report earnings per share of $0.21 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Gladstone Capital’s earnings. Gladstone Capital posted earnings per share of $0.22 in the same quarter last year, which suggests a negative year over year growth rate of 4.5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Gladstone Capital will report full year earnings of $0.84 per share for the current year, with EPS estimates ranging from $0.84 to $0.85. For the next year, analysts expect that the business will report earnings of $0.85 per share, with EPS estimates ranging from $0.84 to $0.87. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Gladstone Capital.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $12.52 million during the quarter, compared to the consensus estimate of $12.60 million. Gladstone Capital had a net margin of 16.24% and a return on equity of 10.12%.

A number of equities research analysts recently commented on the company. Wedbush set a $10.00 price objective on Gladstone Capital and gave the company a “hold” rating in a report on Tuesday, May 14th. BidaskClub upgraded Gladstone Capital from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Zacks Investment Research downgraded Gladstone Capital from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Finally, National Securities restated a “sell” rating and issued a $7.00 price target on shares of Gladstone Capital in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.33.

Several institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its holdings in shares of Gladstone Capital by 1.7% in the first quarter. Morgan Stanley now owns 141,504 shares of the investment management company’s stock worth $1,275,000 after acquiring an additional 2,333 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Gladstone Capital by 28.4% in the fourth quarter. Legal & General Group Plc now owns 129,362 shares of the investment management company’s stock worth $950,000 after acquiring an additional 28,616 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Gladstone Capital by 13.1% in the third quarter. BlackRock Inc. now owns 126,599 shares of the investment management company’s stock worth $1,203,000 after acquiring an additional 14,631 shares in the last quarter. Novare Capital Management LLC increased its holdings in shares of Gladstone Capital by 9.8% in the first quarter. Novare Capital Management LLC now owns 125,375 shares of the investment management company’s stock worth $1,130,000 after acquiring an additional 11,225 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Gladstone Capital by 24.9% in the fourth quarter. LPL Financial LLC now owns 121,657 shares of the investment management company’s stock worth $888,000 after acquiring an additional 24,250 shares in the last quarter. Institutional investors own 11.59% of the company’s stock.

NASDAQ GLAD traded up $0.03 on Tuesday, reaching $9.43. The company had a trading volume of 103,651 shares, compared to its average volume of 119,248. The company has a market capitalization of $276.78 million, a PE ratio of 11.09 and a beta of 1.28. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.22. Gladstone Capital has a 52 week low of $6.41 and a 52 week high of $9.87.

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.84 annualized dividend and a dividend yield of 8.91%. Gladstone Capital’s dividend payout ratio (DPR) is currently 98.82%.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.

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Earnings History and Estimates for Gladstone Capital (NASDAQ:GLAD)

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