MidCap Financial Investment (MFIC) Set to Announce Earnings on Thursday

MidCap Financial Investment (NASDAQ:MFIC) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect MidCap Financial Investment to post earnings of $0.43 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

MidCap Financial Investment (NASDAQ:MFIC) last issued its earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. MidCap Financial Investment had a return on equity of 11.54% and a net margin of 40.08%. The firm had revenue of $69.16 million for the quarter, compared to analyst estimates of $68.02 million. During the same period in the previous year, the company posted $0.44 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 Down 1.1 %

Shares of NASDAQ MFIC opened at $13.14 on Tuesday. The business’s fifty day moving average price is $13.51 and its 200-day moving average price is $14.46. MidCap Financial Investment has a one year low of $12.26 and a one year high of $16.36. The stock has a market capitalization of $1.23 billion, a PE ratio of 7.68 and a beta of 1.50. The company has a debt-to-equity ratio of 1.51, a current ratio of 3.02 and a quick ratio of 3.02.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MFIC. JPMorgan Chase & Co. cut their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Monday, August 5th. Compass Point raised shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, July 25th. Finally, Wells Fargo & Company dropped their target price on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.86.

About MidCap Financial Investment

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.