WhiteHorse Finance Inc (WHF) Expected to Post Earnings of $0.36 Per Share

Brokerages expect WhiteHorse Finance Inc (NASDAQ:WHF) to post earnings per share of $0.36 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for WhiteHorse Finance’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.33. WhiteHorse Finance reported earnings of $0.42 per share during the same quarter last year, which suggests a negative year over year growth rate of 14.3%. The firm is expected to announce its next earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that WhiteHorse Finance will report full-year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.40 to $1.57. For the next fiscal year, analysts anticipate that the company will report earnings of $1.58 per share, with EPS estimates ranging from $1.52 to $1.62. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover WhiteHorse Finance.

A number of research analysts have weighed in on WHF shares. BidaskClub raised shares of WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 9th. Zacks Investment Research raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Friday, March 8th. Finally, JPMorgan Chase & Co. lowered shares of WhiteHorse Finance from a “neutral” rating to an “underweight” rating and set a $13.50 price target on the stock. in a research report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $14.17.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WHF. Legal & General Group Plc lifted its position in shares of WhiteHorse Finance by 17.9% during the third quarter. Legal & General Group Plc now owns 79,620 shares of the investment management company’s stock valued at $1,112,000 after purchasing an additional 12,060 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of WhiteHorse Finance during the fourth quarter valued at about $399,000. Advisor Group Inc. lifted its position in shares of WhiteHorse Finance by 588.5% during the fourth quarter. Advisor Group Inc. now owns 13,164 shares of the investment management company’s stock valued at $167,000 after purchasing an additional 11,252 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of WhiteHorse Finance by 164.4% during the fourth quarter. Citigroup Inc. now owns 4,760 shares of the investment management company’s stock valued at $61,000 after purchasing an additional 2,960 shares in the last quarter. 12.57% of the stock is currently owned by institutional investors.

WhiteHorse Finance stock opened at $14.01 on Thursday. WhiteHorse Finance has a 1-year low of $11.89 and a 1-year high of $15.80. The firm has a market capitalization of $287.91 million, a price-to-earnings ratio of 9.34 and a beta of 0.73. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.83 and a current ratio of 1.83.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Tuesday, March 26th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date is Monday, March 25th. WhiteHorse Finance’s payout ratio is currently 94.67%.

About WhiteHorse Finance

WhiteHorse Finance, LLC is a business development company.

Featured Story: How to Invest in an Index Fund

Get a free copy of the Zacks research report on WhiteHorse Finance (WHF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for WhiteHorse Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance and related companies with MarketBeat.com's FREE daily email newsletter.