$16.16 million in sales expected for Stellus Capital Investment Co. (NYSE:SCM) this quarter
Wall Street analysts expect Stellus Capital Investment Co. (NYSE:SCM) to post sales of $16.16 million for the current quarter, Zacks reports. Two analysts provided earnings estimates for Stellus Capital Investment, with the lowest sales estimate at $16.04 million and the highest estimate at $16.29 million. Stellus Capital Investment reported sales of $13.54 million in the same quarter last year, indicating a positive year-over-year growth rate of 19.4%. The company is expected to release its next quarterly earnings report after the market closes on Tuesday, March 1.
On average, analysts expect Stellus Capital Investment to record annual sales of $61.78 million for the current year, with estimates ranging from $61.16 million to $62.41 million. . For the next fiscal year, analysts expect the company to post sales of $66.85 million, with estimates ranging from $66.30 to $67.40 million. Zacks Investment Research sales averages are an average average based on a survey of analysts who provide coverage for Stellus Capital Investment.
Several research companies have recently published reports on SCM. Oppenheimer upgraded Stellus Capital Investment shares from a “market performance” rating to an “outperform” rating and set a target price of $15.00 on the stock in a Monday 1st research report. November. Raymond James raised his price target on Stellus Capital Investment shares from $15.00 to $15.50 and gave the stock an “outperform” rating in a Monday, November 1 research report.
SCM opened at $13.63 on Friday. The company’s 50-day simple moving average is $13.27 and its 200-day simple moving average is $13.38. The company has a debt ratio of 1.24, a quick ratio of 0.22 and a current ratio of 0.22. Stellus Capital Investment has a 1 year low of $10.78 and a 1 year high of $14.74. The stock has a market capitalization of $265.59 million, a PE ratio of 6.62 and a beta of 1.31.
Hedge funds and other institutional investors have recently been buying and selling stocks. Evolution Wealth Advisors LLC bought a new position in Stellus Capital Investment in the third quarter worth approximately $25,000. Spire Wealth Management increased its holdings in Stellus Capital Investment by 11.7% in the third quarter. Spire Wealth Management now owns 8,625 shares of the investment management firm valued at $113,000 after purchasing an additional 900 shares during the period. Eagle Global Advisors LLC increased its stake in shares of Stellus Capital Investment by 68.5% during the fourth quarter. Eagle Global Advisors LLC now owns 18,550 shares of the investment management firm valued at $242,000 after purchasing an additional 7,540 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Stellus Capital Investment by 6.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,741 shares of the investment management firm valued at $284,000 after purchasing an additional 1,270 shares during the period. Finally, US Capital Wealth Advisors LLC acquired a new stake in shares of Stellus Capital Investment during the third quarter valued at approximately $334,000. Hedge funds and other institutional investors hold 16.89% of the company’s shares.
Stellus Capital Investment Company Profile
Stellus Capital Investment Corp. invests in companies located in the United States with an EBITDA of 5 to 50 million dollars. The fund targets companies operating in aerospace/defense, business services, consumer products, retail, education, energy/industrial services, financial services, healthcare, manufacturing, media and entertainment, food service/retail, software/technology and telecommunications.
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