MidCap Financial Investment (MFIC) Scheduled to Post Quarterly Earnings on Tuesday

MidCap Financial Investment (NASDAQ:MFIC) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect MidCap Financial Investment to post earnings of $0.43 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Monday, February 26th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. MidCap Financial Investment had a return on equity of 15.50% and a net margin of 42.95%. The company had revenue of $71.95 million for the quarter, compared to analysts’ expectations of $68.44 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, analysts expect MidCap Financial Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MidCap Financial Investment Stock Performance

MidCap Financial Investment stock opened at $15.26 on Tuesday. MidCap Financial Investment has a 12-month low of $10.78 and a 12-month high of $15.38. The stock has a 50-day simple moving average of $14.77 and a 200 day simple moving average of $13.97. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $995.72 million, a price-to-earnings ratio of 8.38 and a beta of 1.47.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.96%. MidCap Financial Investment’s payout ratio is 83.52%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MFIC shares. JPMorgan Chase & Co. boosted their price objective on shares of MidCap Financial Investment from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Wells Fargo & Company raised their price target on MidCap Financial Investment from $13.00 to $14.50 and gave the company an “overweight” rating in a report on Monday, January 29th. Truist Financial boosted their price objective on MidCap Financial Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Citigroup upped their target price on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada lifted their price target on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MidCap Financial Investment presently has an average rating of “Moderate Buy” and an average price target of $14.79.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.