Brokerages Expect WhiteHorse Finance, Inc. (NASDAQ:WHF) Will Announce Earnings of $0.36 Per Share


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Equities research analysts predict that WhiteHorse Finance, Inc. (NASDAQ:WHF) will report earnings of $0.36 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for WhiteHorse Finance’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.38. WhiteHorse Finance reported earnings of $0.30 per share in the same quarter last year, which would indicate a positive year over year growth rate of 20%. The firm is expected to issue its next quarterly earnings results on Monday, May 10th.

On average, analysts expect that WhiteHorse Finance will report full-year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.33 to $1.56. For the next year, analysts anticipate that the business will post earnings of $1.42 per share, with EPS estimates ranging from $1.27 to $1.50. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for WhiteHorse Finance.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Monday, March 1st. The investment management company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. WhiteHorse Finance had a net margin of 27.50% and a return on equity of 9.08%. The firm had revenue of $16.85 million during the quarter, compared to analysts’ expectations of $15.71 million.

Several research analysts have recently weighed in on the stock. B. Riley reissued a “neutral” rating on shares of WhiteHorse Finance in a report on Monday, February 22nd. Zacks Investment Research raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Saturday, March 6th. Finally, Raymond James upped their target price on shares of WhiteHorse Finance from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, March 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $13.50.

Shares of WHF traded up $0.24 during mid-day trading on Tuesday, hitting $16.18. 133,134 shares of the company traded hands, compared to its average volume of 76,818. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a 50-day moving average price of $15.22 and a two-hundred day moving average price of $13.16. WhiteHorse Finance has a 1 year low of $6.61 and a 1 year high of $16.35. The stock has a market cap of $332.50 million, a price-to-earnings ratio of 18.60 and a beta of 1.38.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 5th. Shareholders of record on Friday, March 26th were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Thursday, March 25th. This represents a $1.42 dividend on an annualized basis and a yield of 8.78%. WhiteHorse Finance’s dividend payout ratio is currently 93.42%.

A number of hedge funds have recently made changes to their positions in WHF. California Public Employees Retirement System increased its stake in shares of WhiteHorse Finance by 5.2% in the third quarter. California Public Employees Retirement System now owns 36,300 shares of the investment management company’s stock worth $355,000 after purchasing an additional 1,800 shares in the last quarter. BlackRock Inc. increased its stake in shares of WhiteHorse Finance by 27.4% in the third quarter. BlackRock Inc. now owns 99,258 shares of the investment management company’s stock worth $972,000 after purchasing an additional 21,319 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of WhiteHorse Finance by 132.1% in the third quarter. Thrivent Financial for Lutherans now owns 23,206 shares of the investment management company’s stock worth $227,000 after purchasing an additional 13,206 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of WhiteHorse Finance by 35.1% in the third quarter. Great West Life Assurance Co. Can now owns 6,406 shares of the investment management company’s stock worth $63,000 after purchasing an additional 1,665 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of WhiteHorse Finance by 188.3% in the fourth quarter. Sound Income Strategies LLC now owns 79,446 shares of the investment management company’s stock worth $1,081,000 after purchasing an additional 51,889 shares in the last quarter.

WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

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Earnings History and Estimates for WhiteHorse Finance (NASDAQ:WHF)

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