Wall Street analysts expect that THL Credit, Inc. (NASDAQ:TCRD) will post sales of $19.58 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for THL Credit’s earnings, with estimates ranging from $19.44 million to $19.82 million. THL Credit reported sales of $19.97 million in the same quarter last year, which indicates a negative year over year growth rate of 2%. The business is expected to report its next earnings results on Thursday, March 8th.
On average, analysts expect that THL Credit will report full-year sales of $19.58 million for the current year, with estimates ranging from $79.63 million to $80.00 million. For the next financial year, analysts anticipate that the business will report sales of $77.92 million per share, with estimates ranging from $76.00 million to $79.74 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover THL Credit.
THL Credit (NASDAQ:TCRD) last released its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. THL Credit had a net margin of 23.15% and a return on equity of 10.53%. The business had revenue of $20.10 million during the quarter, compared to analyst estimates of $19.74 million. During the same quarter in the previous year, the business earned $0.32 EPS. THL Credit’s quarterly revenue was down 6.9% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of THL Credit by 2.4% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,419,629 shares of the investment management company’s stock worth $13,245,000 after purchasing an additional 33,708 shares during the period. Van ECK Associates Corp increased its holdings in shares of THL Credit by 12.6% during the 2nd quarter. Van ECK Associates Corp now owns 271,385 shares of the investment management company’s stock worth $2,700,000 after purchasing an additional 30,421 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of THL Credit by 6.6% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 247,077 shares of the investment management company’s stock worth $2,305,000 after purchasing an additional 15,391 shares during the period. BB&T Securities LLC increased its holdings in shares of THL Credit by 19.7% during the 2nd quarter. BB&T Securities LLC now owns 220,732 shares of the investment management company’s stock worth $2,196,000 after purchasing an additional 36,265 shares during the period. Finally, OxFORD Asset Management LLP increased its holdings 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 purchasing an additional 10,381 shares during the period. Hedge funds and other institutional investors own 43.96% of the company’s stock.
THL Credit (NASDAQ TCRD) opened at $9.50 on Monday. The company has a market cap of $310.40, a price-to-earnings ratio of 7.79, a P/E/G ratio of 7.58 and a beta of 1.11. THL Credit has a twelve month low of $8.90 and a twelve month high of $10.60. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.50.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.27 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.08 annualized dividend and a yield of 11.37%. THL Credit’s dividend payout ratio (DPR) is presently 189.48%.
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About THL Credit
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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