Equities analysts forecast that WhiteHorse Finance, Inc. (NASDAQ:WHF) will post $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for WhiteHorse Finance’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.34. WhiteHorse Finance reported earnings per share of $0.35 during the same quarter last year, which would indicate a negative year over year growth rate of 5.7%. The company is scheduled to announce its next earnings report before the market opens on Friday, March 2nd.
According to Zacks, analysts expect that WhiteHorse Finance will report full-year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.29 to $1.35. For the next fiscal year, analysts forecast that the company will post earnings of $1.36 per share, with EPS estimates ranging from $1.27 to $1.45. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for WhiteHorse Finance.
A number of analysts recently commented on the company. Robert W. Baird lowered WhiteHorse Finance from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Monday, October 23rd. Zacks Investment Research lowered WhiteHorse Finance from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 10th. JPMorgan Chase & Co. lowered WhiteHorse Finance from a “neutral” rating to an “underweight” rating in a research note on Tuesday, February 6th. BidaskClub raised WhiteHorse Finance from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Finally, ValuEngine lowered WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. WhiteHorse Finance presently has a consensus rating of “Hold” and a consensus price target of $15.00.
WhiteHorse Finance (NASDAQ:WHF) traded up $0.07 on Friday, hitting $11.99. The company had a trading volume of 64,684 shares, compared to its average volume of 56,474. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $246.18, a price-to-earnings ratio of 6.45 and a beta of 0.66. WhiteHorse Finance has a fifty-two week low of $11.85 and a fifty-two week high of $15.05.
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About WhiteHorse Finance
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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