THL Credit (TCRD) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
THL Credit (NASDAQ:TCRD) released its earnings data on Monday. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.04, AR Network reports.
A number of research firms have recently commented on TCRD. Analysts at SunTrust initiated coverage on shares of THL Credit in a research note on Thursday, June 26th. They set a “buy” rating and a $15.00 price target on the stock. On the ratings front, analysts at Bank of America reiterated a “buy” rating on shares of THL Credit in a research note on Thursday, May 15th. They now have a $14.75 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of THL Credit from $16.00 to $15.00 in a research note on Thursday, May 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $15.85.
Shares of THL Credit (NASDAQ:TCRD) traded up 0.15% on Monday, hitting $13.31. The stock had a trading volume of 123,588 shares. THL Credit has a one year low of $12.80 and a one year high of $17.00. The stock’s 50-day moving average is $13.64 and its 200-day moving average is $14.08.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 10.23%.
THL Credit, Inc is a non-diversified, closed-end management investment company. It operates as a business development company.
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