Zacks: Analysts Expect Technology Investment Capital Corp. (OXSQ) Will Post Earnings of $0.17 Per Share

Equities analysts expect Technology Investment Capital Corp. (NASDAQ:OXSQ) to report $0.17 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Technology Investment Capital’s earnings. Technology Investment Capital posted earnings per share of $0.15 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The business is expected to announce its next earnings results on Monday, May 14th.

According to Zacks, analysts expect that Technology Investment Capital will report full year earnings of $0.65 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $0.65. For the next financial year, analysts forecast that the business will post earnings of $0.63 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Technology Investment Capital.

Technology Investment Capital (NASDAQ:OXSQ) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The company had revenue of $13.40 million for the quarter, compared to the consensus estimate of $13.27 million. Technology Investment Capital had a net margin of 71.02% and a return on equity of 7.71%. The firm’s quarterly revenue was down 29.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS.

OXSQ has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Technology Investment Capital from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. National Securities reissued a “sell” rating and issued a $5.00 price target on shares of Technology Investment Capital in a report on Monday, March 5th. BidaskClub raised shares of Technology Investment Capital from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Finally, ValuEngine downgraded shares of Technology Investment Capital from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.83.

Shares of NASDAQ:OXSQ opened at $6.19 on Friday. The stock has a market capitalization of $313.80, a P/E ratio of 10.32, a P/E/G ratio of 1.90 and a beta of 0.40. Technology Investment Capital has a fifty-two week low of $5.15 and a fifty-two week high of $7.56.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.92%. The ex-dividend date was Thursday, March 15th. Technology Investment Capital’s dividend payout ratio (DPR) is currently 133.33%.

In other Technology Investment Capital news, CEO Jonathan H. Cohen acquired 17,497 shares of the company’s stock in a transaction on Monday, March 19th. The shares were acquired at an average cost of $6.08 per share, with a total value of $106,381.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Saul B. Rosenthal acquired 4,889 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average cost of $5.54 per share, for a total transaction of $27,085.06. The disclosure for this purchase can be found here. Insiders purchased a total of 217,003 shares of company stock worth $1,291,458 over the last three months. 5.90% of the stock is owned by insiders.

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Technology Investment Capital Company Profile

TICC Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, and common stock.

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