According to analysts, Fifth Street Finance Corp. (NASDAQ:FSC) is expected to report earnings per share for the current fiscal quarter of $0.26. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2014-09-30 of $0.25 for the most recent quarter.
On a consensus basis, Wall Street sell-side analysts have a mean target price of $9.914 for Fifth Street Finance Corp.. This number is based on the mean estimate from the 10 research firms that recently issued reports on the company.The most recent price target update was made on 2015-02-04.
The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock is ranked 1.75 based on 10 sell-side broker recommendations. Of the 10 analyst estimates, the most bullish sees the stock reaching $11 within the next 12 months while the most bearish analyst sees the stock at $9.5 within the year. There are currently 1 analysts who have recently rated the stock as a buying opportunity.
In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $1.06 . The high end estimate for this time frame is $1.15 with the low being $0.97. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 5%, based on 1 analysts providing projections.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with investments by private equity sponsors. The Company’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. As of September 30, 2011, 90.9% of its portfolio consisted of debt investments that were secured by first or second priority liens on the assets of its portfolio companies. As of September 30, 2011, it held equity investments consisting of common stock, preferred stock or other equity interests in 27 out of 65 portfolio companies. It is managed and advised by Fifth Street Management LLC. In June 2013, Fifth Street Finance Corp. announced that it has closed its portfolio company acquisition of Healthcare Finance Group, LLC (HFG).