Wall Street analysts expect Capitala Finance Corp (NASDAQ:CPTA) to announce sales of $11.65 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Capitala Finance’s earnings. The lowest sales estimate is $11.30 million and the highest is $12.16 million. Capitala Finance posted sales of $9.96 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17%. The business is scheduled to report its next earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that Capitala Finance will report full year sales of $47.78 million for the current financial year, with estimates ranging from $47.30 million to $48.57 million. For the next year, analysts forecast that the company will report sales of $49.28 million, with estimates ranging from $47.60 million to $50.18 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Capitala Finance.
CPTA has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Capitala Finance from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $9.00 price target on shares of Capitala Finance in a report on Wednesday, August 8th. Finally, ValuEngine upgraded Capitala Finance from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.13.
Shares of NASDAQ CPTA traded up $0.03 during midday trading on Monday, reaching $8.15. The company had a trading volume of 69,207 shares, compared to its average volume of 75,868. Capitala Finance has a one year low of $6.88 and a one year high of $9.05. The firm has a market cap of $130.96 million, a PE ratio of 8.32 and a beta of 0.97. The company has a current ratio of 18.16, a quick ratio of 4.64 and a debt-to-equity ratio of 1.41.
The firm also recently declared a dividend, which will be paid on Thursday, November 29th. Investors of record on Wednesday, November 21st will be issued a dividend of $0.083 per share. The ex-dividend date is Tuesday, November 20th. Capitala Finance’s dividend payout ratio is presently 102.04%.
About Capitala Finance
Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.
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