Analysis: Fifth Street Finance Corp (NASDAQ:FSC) Stock Target Increased Today
In a comprehensive report published by KBW on 2 December, the firm, Fifth Street Finance Corp (NASDAQ:FSC), had their target PPS cut to $7.50. Analusts currently have a solid “Market Perform” rating on the stock.
Approximately 130,451 shares of stock traded hands. Fifth Street Finance Corp. (NASDAQ:FSC) has declined 9.28% since April 29, 2015 and is downtrending. It has underperformed by 9.08% the S&P500.
Analysts await Fifth Street Finance Corp. (NASDAQ:FSC) to reports earnings on December, 7. They expect $0.20 earnings per share, down 20.00% or $0.05 from last year’s $0.25 per share. FSC’s profit will be $30.64M for 8.11 P/E if the $0.20 EPS becomes reality. After $0.21 actual earnings per share reported by Fifth Street Finance Corp. for the previous quarter, Wall Street now forecasts -4.76% negative EPS growth.
Fifth Street Finance Corp. is a specialty finance firm that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. The company has a market cap of $994.41 million. The Company’s investment objective is to maximize the Company’s portfolio’s total return by generating income from its debt investments and capital appreciation from its equity investments. It has 21.72 P/E ratio. As of September 30, 2014, the Company consists of 124 investments, 104 of which were in operating companies, one of which was in a senior loan fund vehicle and 19 of which were in private equity funds.
According to Zacks Investment Research, “FIFTH STREET FINANCE CORP. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp.’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments and capital appreciation from its equity investments.” Get a free copy of the Zacks research report on Fifth Street Finance Corp. (FSC).