Is it time to Buy before this week’s earning report Prospect Capital Stock Forecast, Price & News (NASDAQ:PSEC)

Earnings results for Prospect Capital Stock Forecast, Price & News (NASDAQ:PSEC)

Prospect Capital Corporation is expected* to report earnings on 08/26/2020 after market close. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.16. The reported EPS for the same quarter last year was $0.19.

Analyst Opinion on Prospect Capital Stock Forecast, Price & News (NASDAQ:PSEC)

2 Wall Street analysts have issued ratings and price targets for Prospect Capital in the last 12 months. Their average twelve-month price target is $4.50, predicting that the stock has a possible downside of 12.96%. The high price target for PSEC is $4.50 and the low price target for PSEC is $4.50. There are currently 2 sell ratings for the stock, resulting in a consensus rating of “Sell.”

Prospect Capital has received a consensus rating of Sell. The company’s average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $4.50, Prospect Capital has a forecasted downside of 13.0% from its current price of $5.17. Prospect Capital has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Prospect Capital Stock Forecast, Price & News (NASDAQ:PSEC)

Prospect Capital is a leading dividend payer. It pays a dividend yield of 13.93%, putting its dividend yield in the top 25% of dividend-paying stocks. Prospect Capital has only been increasing its dividend for 1 years. The dividend payout ratio of Prospect Capital is 84.71%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Prospect Capital will have a dividend payout ratio of 102.86% in the coming year. This indicates that Prospect Capital may not be able to sustain their current dividend.

Insiders buying/selling: Prospect Capital Stock Forecast, Price & News (NASDAQ:PSEC)

In the past three months, Prospect Capital insiders have not sold or bought any company stock. Only 25.80% of the stock of Prospect Capital is held by insiders. Only 11.16% of the stock of Prospect Capital is held by institutions.

Earnings and Valuation of Prospect Capital Stock Forecast, Price & News (NASDAQ:PSEC

Earnings for Prospect Capital are expected to decrease by -2.78% in the coming year, from $0.72 to $0.70 per share. The P/E ratio of Prospect Capital is -13.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Prospect Capital is -13.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Prospect Capital has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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