Portman Ridge Finance (PTMN) Set to Announce Earnings on Thursday

Portman Ridge Finance (NASDAQ:PTMN) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.70 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Portman Ridge Finance (NASDAQ:PTMN) last released its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $16.34 million for the quarter, compared to analyst estimates of $16.68 million. Portman Ridge Finance had a return on equity of 14.86% and a net margin of 18.14%. During the same quarter last year, the firm posted $0.83 earnings per share. On average, analysts expect Portman Ridge Finance to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Portman Ridge Finance Stock Up 0.8 %

Shares of PTMN opened at $18.61 on Wednesday. The firm has a fifty day moving average price of $18.38 and a 200-day moving average price of $19.07. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $171.96 million, a P/E ratio of 14.21 and a beta of 1.02. Portman Ridge Finance has a 12-month low of $16.27 and a 12-month high of $20.84.

Portman Ridge Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd were paid a $0.69 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $2.76 dividend on an annualized basis and a yield of 14.83%. Portman Ridge Finance’s dividend payout ratio is currently 210.69%.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business.