FS Investment (FSIC) to Release Earnings on Wednesday

FS Investment (NYSE:FSIC) is scheduled to release its earnings data after the market closes on Wednesday, November 7th. Analysts expect FS Investment to post earnings of $0.20 per share for the quarter.

FS Investment (NYSE:FSIC) last issued its earnings results on Thursday, August 9th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. FS Investment had a net margin of 19.88% and a return on equity of 8.96%. The company had revenue of $95.58 million during the quarter, compared to analysts’ expectations of $98.53 million. On average, analysts expect FS Investment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of FS Investment stock opened at $6.35 on Monday. FS Investment has a 12-month low of $6.22 and a 12-month high of $8.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 7.65, a P/E/G ratio of 2.71 and a beta of 0.96.

A number of brokerages have issued reports on FSIC. ValuEngine cut shares of FS Investment from a “sell” rating to a “strong sell” rating in a report on Friday, August 10th. Zacks Investment Research cut shares of FS Investment from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Wells Fargo & Co cut shares of FS Investment from an “outperform” rating to a “market perform” rating in a report on Thursday, October 4th. National Securities increased their price target on shares of FS Investment from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.00 price target on shares of FS Investment in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. FS Investment currently has an average rating of “Hold” and an average price target of $8.92.

A hedge fund recently raised its stake in FS Investment stock. Bank of New York Mellon Corp grew its holdings in FS Investment Co. (NYSE:FSIC) by 206.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,778 shares of the financial services provider’s stock after purchasing an additional 104,984 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.07% of FS Investment worth $1,145,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 29.01% of the company’s stock.

About FS Investment

FS Investment Corporation is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.

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Earnings History for FS Investment (NYSE:FSIC)

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