CION Investment (CION) to Release Earnings on Thursday

CION Investment (NYSE:CION - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect CION Investment to post earnings of $0.38 per share for the quarter.

CION Investment (NYSE:CION - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter. CION Investment had a net margin of 48.50% and a return on equity of 12.39%. The business had revenue of $61.36 million during the quarter. On average, analysts expect CION Investment to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CION Investment Stock Performance

Shares of CION stock traded down $0.06 during mid-day trading on Thursday, reaching $11.71. 182,970 shares of the company were exchanged, compared to its average volume of 227,467. CION Investment has a fifty-two week low of $9.81 and a fifty-two week high of $12.69. The company has a market capitalization of $625.95 million, a P/E ratio of 4.98 and a beta of 1.18. The business's 50 day simple moving average is $11.90 and its 200 day simple moving average is $12.00.

CION Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.30%. The ex-dividend date of this dividend was Tuesday, September 3rd. CION Investment's payout ratio is currently 61.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CION shares. Wells Fargo & Company decreased their price objective on shares of CION Investment from $12.00 to $11.50 and set an "equal weight" rating for the company in a report on Tuesday. Oppenheimer started coverage on shares of CION Investment in a report on Tuesday, October 8th. They issued a "market perform" rating and a $13.00 price objective for the company.

CION Investment Company Profile

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies.