A share price of PennantPark Floating Rate Capital Ltd. [PFLT] is currently trading at $11.43, up 0.62%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PFLT shares have gain 2.05% over the last week, with a monthly amount glided 0.70%, and seem to be holding up well over a long-time horizon.
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On 3, April 2024, PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2024 Results. In a post published today on Yahoo Finance, PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) (TASE:PFLT) announced that it will report results for the second fiscal quarter ended March 31, 2024 on Wednesday, May 8, 2024 after the close of the financial markets.
From an analyst’s perspective:
PennantPark Floating Rate Capital Ltd. [NYSE: PFLT] stock has seen the most recent analyst activity on June 08, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $11. On March 25, 2020, downgrade downgraded it’s rating to Hold. Ladenburg Thalmann downgraded its rating to a Neutral. Keefe Bruyette downgraded its rating to a Mkt Perform and reduced its price target to $13 on May 09, 2019. Ladenburg Thalmann upgraded its rating to Buy for this stock on November 16, 2018. In a note dated May 14, 2018, Ladenburg Thalmann downgraded an Neutral rating on this stock.
PennantPark Floating Rate Capital Ltd. experienced fluctuations in its stock price throughout the past year between $9.69 and $12.63. PennantPark Floating Rate Capital Ltd. [NYSE: PFLT] shares were valued at $11.43 at the most recent close of the market.
Analyzing the PFLT fundamentals
Trailing Twelve Months sales for PennantPark Floating Rate Capital Ltd. [NYSE:PFLT] were 145.97M which represents 21.20% growth. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 1.33%, Pretax Profit Margin comes in at 0.92%, and Net Profit Margin reading is 0.96%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.31 points at the first support level, and at 11.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.49, and for the 2nd resistance point, it is at 11.55.
PennantPark Floating Rate Capital Ltd. [PFLT] reported earnings per share of $0.33 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.31/share, meaning a difference of $0.02 and a surprise factor of 6.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.32 per share as compared to estimates of $0.31 per share, a difference of $0.01 representing a surprise of 3.20%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.83, the price to book ratio is 1.02 and price to earnings (TTM) ratio is 9.61.
