Brokerages predict that THL Credit, Inc. (NASDAQ:TCRD) will report earnings of $0.31 per share for the current quarter, Zacks reports. Four analysts have issued estimates for THL Credit’s earnings, with estimates ranging from $0.27 to $0.33. THL Credit reported earnings per share of $0.28 during the same quarter last year, which indicates a positive year over year growth rate of 10.7%. The business is expected to report its next quarterly 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 fiscal year, with EPS estimates ranging from $1.21 to $1.28. For the next fiscal year, analysts anticipate that the company will post earnings of $1.09 per share, with EPS estimates ranging from $1.08 to $1.10. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow THL Credit.
THL Credit (NASDAQ:TCRD) last posted its quarterly earnings results on Thursday, November 9th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $20.10 million during the quarter, compared to the consensus estimate of $19.74 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of THL Credit by 120.8% in the second quarter. Goldman Sachs Group Inc. now owns 72,908 shares of the investment management company’s stock worth $725,000 after buying an additional 39,895 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of THL Credit in the second quarter worth about $390,000. WFG Advisors LP boosted its position in shares of THL Credit by 134.9% in the second quarter. WFG Advisors LP now owns 61,760 shares of the investment management company’s stock worth $615,000 after buying an additional 35,471 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of THL Credit by 2.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,419,629 shares of the investment management company’s stock worth $13,245,000 after buying an additional 33,708 shares during the period. Finally, OxFORD Asset Management LLP boosted its position in shares of THL Credit by 1,142.1% in the second quarter. OxFORD Asset Management LLP now owns 137,442 shares of the investment management company’s stock worth $1,368,000 after buying an additional 126,377 shares during the period. 43.11% of the stock is owned by institutional investors.
Shares of THL Credit (NASDAQ TCRD) opened at $8.58 on Friday. THL Credit has a 1 year low of $8.16 and a 1 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. The stock has a market capitalization of $280.34, a PE ratio of 15.32, a price-to-earnings-growth ratio of 8.00 and a beta of 1.04.
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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