Analysts expect THL Credit, Inc. (NASDAQ:TCRD) to announce earnings of $0.31 per share for the current quarter, Zacks reports. Four analysts have issued 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 per share of $0.28 in the same quarter last year, which suggests a positive year over year growth rate of 10.7%. The company is expected to report its next earnings results on Thursday, March 8th.

On average, analysts expect that THL Credit will report full-year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.21 to $1.28. For the next year, analysts forecast that the firm will post earnings of $1.09 per share, with EPS estimates ranging from $1.08 to $1.10. Zacks’ EPS averages are a mean average based on a survey of analysts that follow THL Credit.

THL Credit (NASDAQ:TCRD) last announced its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. THL Credit had a return on equity of 10.53% and a net margin of 23.15%. The company had revenue of $20.10 million during the quarter, compared to the consensus estimate of $19.74 million. During the same quarter last year, the company earned $0.32 EPS. The company’s quarterly revenue was down 6.9% on a year-over-year basis.

A number of analysts have commented on TCRD shares. TheStreet downgraded THL Credit from a “b-” rating to a “c+” rating in a research report on Monday, October 9th. National Securities reduced their price objective on THL Credit from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, November 13th. Maxim Group reiterated a “buy” rating and issued a $11.50 price objective on shares of THL Credit in a research report on Friday, November 10th. Deutsche Bank downgraded THL Credit from a “buy” rating to a “hold” rating and set a $10.50 price objective for the company. in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded THL Credit from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.70.

Shares of THL Credit (NASDAQ:TCRD) traded up $0.10 during mid-day trading on Friday, hitting $9.50. The company’s stock had a trading volume of 118,159 shares, compared to its average volume of 125,065. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.20 and a quick ratio of 0.20. THL Credit has a 52 week low of $8.90 and a 52 week high of $10.60. The company has a market cap of $307.13, a P/E ratio of 7.70, a P/E/G ratio of 7.50 and a beta of 1.11.

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.08 annualized dividend and a dividend yield of 11.37%. THL Credit’s dividend payout ratio (DPR) is presently 189.48%.

Several institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC lifted its position in shares of THL Credit by 1.7% during the 2nd quarter. Private Advisor Group LLC now owns 49,751 shares of the investment management company’s stock worth $495,000 after buying an additional 850 shares during the period. Legal & General Group Plc lifted its position in shares of THL Credit by 10.8% during the 2nd quarter. Legal & General Group Plc now owns 84,155 shares of the investment management company’s stock worth $839,000 after buying an additional 8,186 shares during the period. OxFORD Asset Management LLP lifted its position in shares of THL Credit by 7.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 147,823 shares of the investment management company’s stock worth $1,361,000 after buying an additional 10,381 shares during the period. JPMorgan Chase & Co. bought a new position in shares of THL Credit during the 2nd quarter worth approximately $105,000. Finally, Macquarie Group Ltd. bought a new position in shares of THL Credit during the 3rd quarter worth approximately $104,000. Institutional investors and hedge funds own 43.96% of the company’s stock.

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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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