OFS Capital (OFS) Set to Announce Quarterly Earnings on Thursday

OFS Capital (NASDAQ:OFS) will release its earnings data after the market closes on Thursday, May 2nd. Analysts expect OFS Capital to post earnings of $0.35 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings results on Tuesday, March 5th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $13.48 million during the quarter, compared to analyst estimates of $14.53 million. OFS Capital had a negative net margin of 0.82% and a positive return on equity of 11.76%. During the same period in the prior year, the business posted $0.35 earnings per share. On average, analysts expect OFS Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

OFS Capital Stock Up 1.9 %

Shares of NASDAQ:OFS opened at $9.70 on Wednesday. The stock’s 50-day moving average is $10.22 and its 200-day moving average is $10.76. OFS Capital has a 52-week low of $9.10 and a 52-week high of $12.44. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.78.

OFS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 14.02%. The ex-dividend date was Friday, March 15th. OFS Capital’s dividend payout ratio is currently -3,400.00%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of OFS Capital from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th.

About OFS Capital

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.