Garrison Capital Inc. (NASDAQ:GARS) business development services provider, is reporting second quarter earnings results on Monday 10th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.16 per share.
For the full year, analysts predict revenues of $ 31.39 million, while looking forward to income of $ 0.60 per share.
Previous Quarter Performance
Garrison Capital Inc. announced income for the first quarter of $ 0.15 per share, from the revenue of $ 8.04 million. The quarterly earnings declined 25.00 percent while revenues compared with the same quarter last year.
According to street consensus, GARS was expected to report 1Q20 income of $ 0.15 per share from revenue of $ 8.77 million. The bottom line results street analysts by $ 0 or , at the same time, top line results fell short of analysts by $ 0.73 million or 8.32 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GARS was $ 3.47, representing a 233.65 % increase from the 52 week low of $ 1.04 and a 51.87 % decrease over the 52 week high of $ 7.21.
The company has a market capital of $ 55.69 million and is part of the Financial Services sector and Asset Management industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.15 per share on May 11, 2020. The dividend were payable on June 26, 2020 to holders of record as of the close of business on June 5, 2020 and ex-dividend date on June 4, 2020.
Garrison Capital Inc. is a business development company specializing in investments primarily in the debt and equity of middle market companies. It seeks to invest in first lien senior secured loans, second lien senior secured loans, one-stop senior secured or unitranche loans, subordinated or mezzanine loans, unsecured consumer loans and to a lesser extent, selected equity co-investments in middle-market companies, warrants and minority equity securities in United States middle-market companies.
