Several brokerages have updated their recommendations and price targets on shares of Prospect Capital (NASDAQ: PSEC) in the last few weeks:
Prospect Capital Co. (NASDAQ:PSEC) traded up 1.36% during trading on Friday, hitting $8.20. The stock had a trading volume of 2,089,145 shares. The stock has a market capitalization of $2.94 billion, a PE ratio of 28.28 and a beta of 0.49. Prospect Capital Co. has a 52-week low of $5.21 and a 52-week high of $8.68. The stock’s 50-day moving average is $7.90 and its 200-day moving average is $7.99.
Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Prospect Capital had a net margin of 20.34% and a return on equity of 10.25%. The company had revenue of $179.83 million for the quarter, compared to analysts’ expectations of $185.46 million. During the same quarter in the previous year, the company posted $0.26 EPS. The business’s quarterly revenue was down 10.2% on a year-over-year basis. On average, analysts predict that Prospect Capital Co. will post $0.93 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Thursday, February 16th. Investors of record on Tuesday, January 31st will be issued a dividend of $0.0833 per share. The ex-dividend date is Friday, January 27th. This represents a $1.00 annualized dividend and a yield of 12.36%. Prospect Capital’s payout ratio is presently 227.28%.