THL Credit, Inc. (TCRD) to Post FY2017 Earnings of $1.21 Per Share, Jefferies Group Forecasts
THL Credit, Inc. (NASDAQ:TCRD) – Stock analysts at Jefferies Group raised their FY2017 EPS estimates for shares of THL Credit in a research report issued on Tuesday. Jefferies Group analyst K. Joseph now expects that the investment management company will post earnings per share of $1.21 for the year, up from their previous estimate of $1.14. Jefferies Group also issued estimates for THL Credit’s Q2 2018 earnings at $0.27 EPS and Q4 2018 earnings at $0.28 EPS.
A number of other equities analysts have also recently commented on the stock. National Securities decreased their target price on shares of THL Credit from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday. ValuEngine upgraded shares of THL Credit from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Maxim Group reiterated a “buy” rating and issued a $11.50 target price on shares of THL Credit in a research report on Friday, November 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $10.50 target price on shares of THL Credit in a research report on Monday, October 16th. Finally, TheStreet cut shares of THL Credit from a “b-” rating to a “c+” rating in a research report on Monday, October 9th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. THL Credit has an average rating of “Hold” and a consensus target price of $10.70.
Shares of THL Credit (TCRD) traded up $0.06 during trading hours on Friday, reaching $9.44. 107,261 shares of the company were exchanged, compared to its average volume of 114,814. The stock has a market cap of $306.48, a PE ratio of 7.65, a PEG ratio of 7.44 and a beta of 1.09. THL Credit has a one year low of $8.90 and a one year high of $10.60. 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 (NASDAQ:TCRD) last issued its earnings results on Thursday, November 9th. The investment management company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $19.74 million. THL Credit had a net margin of 23.15% and a return on equity of 10.53%. The firm’s revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS.
Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new position in shares of THL Credit in the second quarter valued at about $105,000. Macquarie Group Ltd. purchased a new position in shares of THL Credit in the third quarter valued at about $104,000. Cetera Investment Advisers purchased a new position in shares of THL Credit in the second quarter valued at about $136,000. CIBC World Markets Inc. purchased a new position in shares of THL Credit in the second quarter valued at about $150,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of THL Credit in the third quarter valued at about $163,000. Hedge funds and other institutional investors own 45.17% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.44%. The ex-dividend date of this dividend is Thursday, December 14th. THL Credit’s payout ratio is 192.86%.
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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