Analysts Anticipate Medley Capital Corp (MCC) Will Post Earnings of $0.05 Per Share

Equities analysts expect Medley Capital Corp (NYSE:MCC) to announce $0.05 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Medley Capital’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.04. Medley Capital reported earnings per share of $0.16 in the same quarter last year, which would indicate a negative year-over-year growth rate of 68.8%. The company is scheduled to issue its next quarterly earnings results on Thursday, December 6th.

According to Zacks, analysts expect that Medley Capital will report full-year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.26 to $0.27. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.23 per share, with EPS estimates ranging from $0.21 to $0.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Medley Capital.

Medley Capital (NYSE:MCC) last released its earnings results on Thursday, August 9th. The investment management company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Medley Capital had a positive return on equity of 5.03% and a negative net margin of 134.96%. The company had revenue of $13.95 million during the quarter, compared to analysts’ expectations of $18.23 million.

A number of research firms have recently commented on MCC. Zacks Investment Research raised Medley Capital from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. National Securities reissued a “neutral” rating and issued a $3.00 target price on shares of Medley Capital in a research note on Wednesday, August 15th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $4.67.

Institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC boosted its position in shares of Medley Capital by 47.9% during the first quarter. Cubist Systematic Strategies LLC now owns 52,227 shares of the investment management company’s stock valued at $208,000 after buying an additional 16,925 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Medley Capital during the second quarter valued at $187,000. LPL Financial LLC boosted its position in shares of Medley Capital by 31.7% during the first quarter. LPL Financial LLC now owns 80,121 shares of the investment management company’s stock valued at $319,000 after buying an additional 19,304 shares during the last quarter. Highland Capital Management LP purchased a new stake in shares of Medley Capital during the second quarter valued at $339,000. Finally, Royal Bank of Canada boosted its position in shares of Medley Capital by 49.2% during the first quarter. Royal Bank of Canada now owns 122,146 shares of the investment management company’s stock valued at $486,000 after buying an additional 40,257 shares during the last quarter. 25.41% of the stock is currently owned by institutional investors.

Shares of NYSE MCC traded down $0.06 during trading on Thursday, reaching $3.81. The company had a trading volume of 185,339 shares, compared to its average volume of 267,411. Medley Capital has a 12-month low of $3.35 and a 12-month high of $5.89. The stock has a market cap of $208.09 million, a P/E ratio of 5.75 and a beta of 1.13. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 1.21.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Wednesday, September 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 4th. This represents a $0.40 annualized dividend and a dividend yield of 10.50%. Medley Capital’s dividend payout ratio (DPR) is presently 59.70%.

Medley Capital Company Profile

Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.

Featured Article: Do stock splits help investors?

Get a free copy of the Zacks research report on Medley Capital (MCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Medley Capital (NYSE:MCC)

Receive News & Ratings for Medley Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medley Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply