Prospect Capital (PSEC) Misses Q1 EPS by 1c
Prospect Capital (NASDAQ: PSEC) reported Q1 EPS of $0.19, $0.01 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $161.88 million versus the consensus estimate of $168.52 million.
- For the September 2019 quarter, we earned net investment income (“NII”) of $71.1 million, or $0.19 per weighted average share, consistent with the June 2019 quarter, and exceeding our current quarterly dividend rate of $0.18 per share by $0.01 per share. Our ratio of NII to distributions was 107% in the September 2019 quarter.
- In the September 2019 quarter, our net of cash debt to equity ratio was 66.3%, down 8.8% from September 2018.
- For the September 2019 quarter, our net income was $18.1 million, or $0.05 per weighted average share.
- Our net asset value (“NAV”) per share decreased by $0.14 to $8.87 during the September 2019 quarter.
For earnings history and earnings-related data on Prospect Capital (PSEC) click here.
