CION Investment (CION) Scheduled to Post Quarterly Earnings on Thursday

CION Investment (NYSE:CION) will be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.38 per share for the quarter.

CION Investment (NYSE:CION) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter. The firm had revenue of $61.36 million during the quarter. CION Investment had a return on equity of 12.39% and a net margin of 48.50%. On average, analysts expect CION Investment to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CION Investment Trading Up 0.7 %

CION Investment stock opened at $11.61 on Wednesday. The firm’s 50 day simple moving average is $11.86 and its 200 day simple moving average is $12.03. CION Investment has a 1-year low of $10.12 and a 1-year high of $12.69. The firm has a market capitalization of $620.29 million, a PE ratio of 4.94 and a beta of 1.18.

Wall Street Analysts Forecast Growth

CION has been the subject of a number of analyst reports. Oppenheimer initiated coverage on shares of CION Investment in a report on Tuesday, October 8th. They set a “market perform” rating and a $13.00 target price for the company. Wells Fargo & Company lowered their price objective on shares of CION Investment from $12.00 to $11.50 and set an “equal weight” rating for the company in a report on Tuesday, October 29th.

CION Investment Company Profile

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies.