THL Credit, Inc. (NASDAQ:TCRD) will be releasing its earnings data after the market closes on Tuesday, November 7th. Analysts expect THL Credit to post 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 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $20.28 million during the quarter, compared to the consensus estimate of $20.35 million. THL Credit had a return on equity of 10.22% and a net margin of 29.81%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. On average, analysts expect THL Credit to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
THL Credit, Inc. (TCRD) opened at $9.04 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $296.30, a P/E ratio of 7.53, a P/E/G ratio of 7.87 and a beta of 1.10.
A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $10.50 price objective on shares of THL Credit in a report on Wednesday, August 16th. TheStreet upgraded THL Credit from a “c+” rating to a “b-” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and set a $10.00 price target on shares of THL Credit in a report on Friday, July 14th. National Securities restated a “buy” rating and set a $12.00 price target on shares of THL Credit in a report on Monday, August 7th. Finally, Deutsche Bank AG downgraded THL Credit from a “buy” rating to a “hold” rating and set a $10.50 price target for the company. in a report on Tuesday, August 8th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target 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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