Looking Into Manhattan Bridge Capital's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Manhattan Bridge Capital (NASDAQ:LOAN) reported a 12.86% increase in earnings to $1.42 million and a 0.04% increase in sales to $2.40 million in Q2. The company posted a Return On Capital Employed (ROCE) of 0.03%, indicating effective capital allocation. The Q2 earnings per share were $0.12, beating analyst predictions of $0.11.
July 21, 2023 | 2:46 pm
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Manhattan Bridge Capital reported increased earnings and sales in Q2, with a positive ROCE, indicating effective capital allocation. This could potentially lead to higher returns and EPS growth.
The increase in earnings and sales, along with a positive ROCE, indicates that Manhattan Bridge Capital is operating efficiently and effectively allocating capital. This could potentially lead to higher returns and EPS growth, positively impacting the stock price.
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