WhiteHorse Finance Inc (WHF) Expected to Announce Earnings of $0.37 Per Share

Wall Street analysts forecast that WhiteHorse Finance Inc (NASDAQ:WHF) will report earnings per share of $0.37 for the current quarter, according to Zacks. Two analysts have made estimates for WhiteHorse Finance’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.35. WhiteHorse Finance reported earnings per share of $0.33 in the same quarter last year, which suggests a positive year over year growth rate of 12.1%. The company is expected to announce its next earnings report on Friday, March 1st.

According to Zacks, analysts expect that WhiteHorse Finance will report full-year earnings of $1.22 per share for the current year, with EPS estimates ranging from $1.18 to $1.30. For the next fiscal year, analysts expect that the firm will post earnings of $1.54 per share, with EPS estimates ranging from $1.47 to $1.62. Zacks’ EPS averages are an average based on a survey of analysts that cover WhiteHorse Finance.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Tuesday, November 6th. The investment management company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $15.32 million during the quarter, compared to analyst estimates of $15.61 million. WhiteHorse Finance had a net margin of 100.60% and a return on equity of 9.94%.

Several equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. JPMorgan Chase & Co. upped their price target on shares of WhiteHorse Finance from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, July 23rd. TheStreet lowered shares of WhiteHorse Finance from a “b” rating to a “c+” rating in a research note on Wednesday, October 24th. Zacks Investment Research raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Thursday, November 1st. Finally, ValuEngine lowered shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $14.25.

Shares of WHF stock traded down $0.13 during mid-day trading on Friday, hitting $13.70. The company had a trading volume of 20,124 shares, compared to its average volume of 31,442. WhiteHorse Finance has a 52-week low of $10.92 and a 52-week high of $15.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $282.30 million, a PE ratio of 10.15 and a beta of 0.75.

Institutional investors have recently added to or reduced their stakes in the stock. Telemus Capital LLC acquired a new stake in WhiteHorse Finance in the 2nd quarter valued at $145,000. Dynamic Technology Lab Private Ltd purchased a new position in WhiteHorse Finance in the 1st quarter valued at $165,000. Eqis Capital Management Inc. purchased a new position in WhiteHorse Finance in the 2nd quarter valued at $200,000. Macquarie Group Ltd. lifted its holdings in WhiteHorse Finance by 81.6% in the 2nd quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock valued at $577,000 after purchasing an additional 17,861 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in WhiteHorse Finance in the 2nd quarter valued at $853,000. 8.84% of the stock is currently owned by hedge funds and other institutional investors.

About WhiteHorse Finance

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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