PennantPark Investment (PNNT) Set to Announce Quarterly Earnings on Wednesday

PennantPark Investment (NASDAQ:PNNT) will be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect PennantPark Investment to post earnings of $0.22 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

PennantPark Investment (NASDAQ:PNNT) last issued its quarterly earnings results on Wednesday, May 8th. The asset manager reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $35.98 million during the quarter, compared to analysts’ expectations of $36.22 million. PennantPark Investment had a net margin of 40.14% and a return on equity of 13.65%. On average, analysts expect PennantPark Investment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PennantPark Investment Stock Down 3.5 %

Shares of NASDAQ:PNNT opened at $6.64 on Tuesday. PennantPark Investment has a 52 week low of $6.01 and a 52 week high of $8.04. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $433.09 million, a PE ratio of 7.18 and a beta of 1.52. The firm has a 50 day simple moving average of $7.48 and a 200 day simple moving average of $7.13.

PennantPark Investment Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, July 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $0.96 dividend on an annualized basis and a yield of 14.46%. PennantPark Investment’s payout ratio is 104.35%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PNNT. Raymond James downgraded shares of PennantPark Investment from an “outperform” rating to a “market perform” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods upgraded shares of PennantPark Investment to a “hold” rating in a report on Friday, May 10th. Finally, Compass Point restated a “sell” rating and set a $6.50 price objective on shares of PennantPark Investment in a report on Monday, July 15th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.88.

PennantPark Investment Company Profile

PennantPark Investment Corporation, a business development company is a private equity fund specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail.