THL Credit, Inc. (NASDAQ:TCRD) to Release Quarterly Earnings on Thursday
THL Credit, Inc. (NASDAQ:TCRD) will be issuing its quarterly earnings data after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
THL Credit (NASDAQ:TCRD) last posted its quarterly earnings data on Thursday, May 4th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. THL Credit had a return on equity of 10.49% and a net margin of 27.37%. The business had revenue of $19.80 million for the quarter, compared to analysts’ expectations of $20.13 million. During the same quarter last year, the firm earned $0.40 earnings per share. The business’s revenue was down 12.3% on a year-over-year basis. On average, analysts expect THL Credit to post $1.12 EPS for the current fiscal year and $1.15 EPS for the next fiscal year.
Shares of THL Credit, Inc. (TCRD) opened at 10.02 on Thursday. The stock’s 50 day moving average price is $9.94 and its 200 day moving average price is $10.04. THL Credit, Inc. has a 12-month low of $8.75 and a 12-month high of $11.84.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.08 annualized dividend and a dividend yield of 10.78%. THL Credit’s dividend payout ratio (DPR) is currently 158.82%.
TCRD has been the topic of several research analyst reports. National Securities raised shares of THL Credit from a “neutral” rating to a “buy” rating and increased their price target for the company from $11.00 to $12.00 in a research note on Monday, May 8th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $10.50 price target on shares of THL Credit in a research note on Tuesday, April 11th. Deutsche Bank AG decreased their price target on shares of THL Credit from $10.75 to $10.50 and set a “buy” rating on the stock in a research note on Monday, May 8th. Maxim Group reissued a “buy” rating and set a $12.00 price target on shares of THL Credit in a research note on Friday, May 5th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $10.00 price target on shares of THL Credit in a research note on Friday, July 14th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.92.
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In other THL Credit news, CEO Sam W. Tillinghast acquired 5,000 shares of THL Credit stock in a transaction on Tuesday, June 6th. The shares were purchased at an average cost of $10.01 per share, with a total value of $50,050.00. Following the completion of the purchase, the chief executive officer now owns 127,704 shares in the company, valued at $1,278,317.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders acquired 6,925 shares of company stock worth $69,056. Insiders own 0.79% of the company’s stock.
THL Credit Company Profile
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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