PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) is reporting fourth quarter financial results on Wednesday 18th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, PFLT is expected to report 4Q20 income of $ 0.26 per share from revenue of $ 21.87 million.
For the full year, analysts anticipate top line of $ 95.58 million, while looking forward to income of $ 1.11 per share bottom line.
Previous Quarter Performance
PennantPark Floating Rate Capital Ltd. outlined income for the third quarter of $ 0.26 per share, from the revenue of $ 22.77 million. Street analysts expected PennantPark Floating Rate Capital Ltd. to report income of $ 0.28 per share on revenue of $ 25.57 million for the third quarter. The bottom line results missed street analysts by $ 0.02 or 7.14 percent, at the same time, top line results fell short of analysts by $ 2.8 million or 10.95 percent.
Stock Performance
Shares of PennantPark Floating Rate Capital Ltd. traded up $ 0.00 or 0.00 percent on Tuesday, reaching $ 9.27 with volume of 125.00 thousand shares. PennantPark Floating Rate Capital Ltd. has traded high as $ 9.35 and has cracked $ 9.16 on the downward trend
According to the previous trading day, closing price of $ 9.27, representing a 177.54 % increase from the 52 week low of $ 3.34 and a 26.84 % decrease over the 52 week high of $ 12.67.
The company has a market capital of $ 359.42 million and is part of the Financial Services sector and Asset Management industry.
PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments.
