WhiteHorse Finance (WHF) Scheduled to Post Quarterly Earnings on Wednesday

WhiteHorse Finance (NASDAQ:WHF) will be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings data on Thursday, February 29th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. The business had revenue of $25.63 million during the quarter, compared to analysts’ expectations of $25.33 million. On average, analysts expect WhiteHorse Finance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

WhiteHorse Finance Trading Down 1.8 %

NASDAQ WHF opened at $12.79 on Monday. WhiteHorse Finance has a 12 month low of $11.13 and a 12 month high of $13.69. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.22. The stock’s fifty day moving average price is $12.55 and its 200-day moving average price is $12.48. The stock has a market cap of $297.24 million, a P/E ratio of 14.53 and a beta of 1.25.

WhiteHorse Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 22nd were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 12.04%. The ex-dividend date of this dividend was Thursday, March 21st. WhiteHorse Finance’s payout ratio is 175.00%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a research note on Friday, March 1st. StockNews.com raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Friday. Finally, B. Riley lowered shares of WhiteHorse Finance from a “buy” rating to a “neutral” rating and set a $13.25 price objective for the company. in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, WhiteHorse Finance presently has a consensus rating of “Hold” and a consensus price target of $12.81.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.