THL Credit, Inc. (TCRD) Set to Announce Quarterly Earnings on Tuesday
THL Credit, Inc. (NASDAQ:TCRD) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
THL Credit (NASDAQ:TCRD) last announced its earnings results on Thursday, August 3rd. The investment management company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. THL Credit had a net margin of 29.81% and a return on equity of 10.22%. The company had revenue of $20.28 million for the quarter, compared to analyst estimates of $20.35 million. During the same period in the prior year, the business earned $0.35 earnings per share. THL Credit’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts expect THL Credit to post $1.15 EPS for the current fiscal year and $1.11 EPS for the next fiscal year.
THL Credit, Inc. (NASDAQ:TCRD) opened at 9.10 on Tuesday. THL Credit, Inc. has a 12 month low of $8.75 and a 12 month high of $10.60. The stock’s 50 day moving average is $9.21 and its 200-day moving average is $9.67.
TCRD has been the topic of several research reports. Deutsche Bank AG lowered shares of THL Credit from a “buy” rating to a “hold” rating and set a $10.50 price target on the stock. in a report on Tuesday, August 8th. TheStreet raised shares of THL Credit from a “c+” rating to a “b-” rating in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $10.00 price target on shares of THL Credit in a report on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $10.50 price target on shares of THL Credit in a report on Wednesday, August 16th. Finally, National Securities reaffirmed a “buy” rating and set a $12.00 price target on shares of THL Credit in a report on Monday, August 7th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. THL Credit currently has an average rating of “Hold” and an average target price of $11.00.
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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