Fidus Investment Corporation (NASDAQ:FDUS) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.34 per share.
For the full year, analysts predict revenues of $ 80.08 million, while looking forward to income of $ 1.39 per share.
Previous Quarter Performance
Fidus Investment Corporation revealed income for the second quarter of $ 0.37 per share, from the revenue of $ 20.43 million. The quarterly earnings improved 8.82 percent while revenues up 13.06 percent compared with the same quarter last year.
According to street consensus, FDUS was expected to report 2Q20 income of $ 0.32 per share from revenue of $ 18.43 million. The bottom line results beat street analysts by $ 0.05 or 15.63 percent, at the same time, top line results outshined analysts by $ 2.00 million or 10.85 percent.
Stock Performance
Shares of Fidus Investment Corporation traded low $ -0.38 or -3.62 percent on Wednesday, reaching $ 10.12 with volume of 203.60 thousand shares. Fidus Investment Corporation has traded high as $ 10.36 and has cracked $ 10.06 on the downward trend
According to the previous trading day, closing price of $ 10.12, representing a 135.96 % increase from the 52 week low of $ 4.45 and a 35.06 % decrease over the 52 week high of $ 16.17.
The company has a market capital of $ 247.31 million and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
On August 3, 2020, the board of directors authorized quarterly dividend of $ 0.30 per share to holders of record as of the close of business on September 11, 2020, with payment date of September 25, 2020 and ex-dividend date on September 10, 2020.
Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans. It does not invest in turnarounds or distressed situations. The fund prefers to invest in aerospace and defense, business services, consumer products and services including retail, food, and beverage, healthcare products and services, industrial products and services, information technology services, niche manufacturing, transportation and logistics, and value-added distribution sectors.
