Equities analysts predict that THL Credit, Inc. (NASDAQ:TCRD) will announce earnings of $0.30 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for THL Credit’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.27. THL Credit reported earnings of $0.28 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The business is scheduled to issue its next quarterly earnings results on Thursday, March 8th.
According to Zacks, analysts expect that THL Credit will report full year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.14 to $1.28. For the next year, analysts expect that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $1.08 to $1.10. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover THL Credit.
THL Credit (NASDAQ:TCRD) last announced its quarterly earnings results on Thursday, November 9th. The investment management company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. The firm had revenue of $20.10 million for the quarter, compared to analyst estimates of $19.74 million. THL Credit had a return on equity of 10.53% and a net margin of 23.15%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share.
TCRD has been the topic of several research reports. TheStreet upgraded THL Credit from a “c+” rating to a “b-” rating in a research note on Monday, July 31st. National Securities restated a “buy” rating and set a $12.00 price target on shares of THL Credit in a research note on Monday, August 7th. Deutsche Bank AG lowered THL Credit from a “buy” rating to a “hold” rating and set a $10.50 price target on the stock. in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods restated a “hold” rating and set a $10.50 price target on shares of THL Credit in a research note on Wednesday, August 16th. Finally, Maxim Group restated a “buy” rating and set a $11.50 price target on shares of THL Credit in a research note on Friday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.70.
THL Credit (NASDAQ TCRD) opened at $9.35 on Tuesday. The company has a market capitalization of $308.77, a price-to-earnings ratio of 7.75, a PEG ratio of 7.88 and a beta of 1.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.20 and a current ratio of 0.20. THL Credit has a 52 week low of $8.90 and a 52 week high of $10.60.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 11.55%. The ex-dividend date is Thursday, December 14th. THL Credit’s payout ratio is currently 189.48%.
A number of hedge funds have recently modified their holdings of TCRD. Legal & General Group Plc boosted its position in THL Credit by 5.9% during the first quarter. Legal & General Group Plc now owns 75,969 shares of the investment management company’s stock valued at $756,000 after purchasing an additional 4,263 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in THL Credit by 9.9% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 231,686 shares of the investment management company’s stock valued at $2,305,000 after purchasing an additional 20,781 shares in the last quarter. Crescent Grove Advisors LLC bought a new stake in THL Credit during the second quarter valued at about $318,000. Ballentine Partners LLC bought a new stake in THL Credit during the second quarter valued at about $474,000. Finally, BB&T Securities LLC boosted its position in THL Credit by 19.7% during the second quarter. BB&T Securities LLC now owns 220,732 shares of the investment management company’s stock valued at $2,196,000 after purchasing an additional 36,265 shares in the last quarter. 45.17% of the stock is currently owned by institutional investors.
About THL Credit
THL Credit, Inc is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of lower middle market companies.
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