$0.36 EPS Expected for Fidus Investment Corp (FDUS) This Quarter

Wall Street brokerages forecast that Fidus Investment Corp (NASDAQ:FDUS) will announce earnings per share (EPS) of $0.36 for the current quarter, Zacks reports. Three analysts have made estimates for Fidus Investment’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.37. Fidus Investment reported earnings of $0.38 per share during the same quarter last year, which would indicate a negative year over year growth rate of 5.3%. The firm is expected to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Fidus Investment will report full-year earnings of $1.41 per share for the current year, with EPS estimates ranging from $1.38 to $1.42. For the next fiscal year, analysts anticipate that the company will post earnings of $1.54 per share, with EPS estimates ranging from $1.46 to $1.61. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Fidus Investment.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, August 2nd. The asset manager reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. The business had revenue of $18.11 million during the quarter, compared to the consensus estimate of $17.43 million. Fidus Investment had a return on equity of 8.73% and a net margin of 65.95%.

FDUS has been the subject of a number of research reports. TheStreet upgraded Fidus Investment from a “c+” rating to a “b-” rating in a research note on Wednesday, July 18th. BidaskClub upgraded Fidus Investment from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. ValuEngine upgraded Fidus Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Zacks Investment Research upgraded Fidus Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $16.50.

A number of large investors have recently bought and sold shares of the stock. Brown Advisory Inc. acquired a new position in Fidus Investment in the first quarter valued at approximately $139,000. West Family Investments Inc. boosted its stake in Fidus Investment by 2.8% in the second quarter. West Family Investments Inc. now owns 620,824 shares of the asset manager’s stock valued at $8,822,000 after acquiring an additional 17,000 shares during the period. GSA Capital Partners LLP acquired a new position in Fidus Investment in the second quarter valued at approximately $686,000. BB&T Securities LLC boosted its stake in Fidus Investment by 26.8% in the first quarter. BB&T Securities LLC now owns 275,201 shares of the asset manager’s stock valued at $3,544,000 after acquiring an additional 58,210 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Fidus Investment by 71.6% in the first quarter. Wells Fargo & Company MN now owns 9,702 shares of the asset manager’s stock valued at $125,000 after acquiring an additional 4,049 shares during the period. Institutional investors and hedge funds own 28.39% of the company’s stock.

NASDAQ:FDUS opened at $14.27 on Friday. The stock has a market capitalization of $357.65 million, a P/E ratio of 9.98 and a beta of 1.03. Fidus Investment has a one year low of $12.63 and a one year high of $16.94.

The company also recently declared a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were paid a $0.39 dividend. The ex-dividend date was Thursday, September 6th. This represents a $1.56 dividend on an annualized basis and a yield of 10.93%. Fidus Investment’s dividend payout ratio (DPR) is 109.09%.

About Fidus Investment

Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.

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