Crescent Capital BDC (CCAP) Scheduled to Post Quarterly Earnings on Wednesday

Crescent Capital BDC (NASDAQ:CCAP) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Crescent Capital BDC (NASDAQ:CCAP) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. Crescent Capital BDC had a net margin of 45.54% and a return on equity of 11.32%. The company had revenue of $50.00 million for the quarter, compared to analysts’ expectations of $47.99 million. On average, analysts expect Crescent Capital BDC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Crescent Capital BDC Stock Up 0.5 %

CCAP stock opened at $17.58 on Tuesday. Crescent Capital BDC has a fifty-two week low of $13.30 and a fifty-two week high of $18.00. The company has a market capitalization of $651.51 million, a price-to-earnings ratio of 7.68 and a beta of 0.81. The business’s 50 day moving average price is $17.15 and its two-hundred day moving average price is $16.83. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.98 and a current ratio of 0.98.

Crescent Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.64 annualized dividend and a yield of 9.33%. Crescent Capital BDC’s payout ratio is 71.62%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CCAP. Oppenheimer upped their target price on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Wells Fargo & Company boosted their price target on Crescent Capital BDC from $16.00 to $16.50 and gave the stock an “equal weight” rating in a research report on Monday, January 29th.

About Crescent Capital BDC

Crescent Capital BDC, Inc is as a business development company private equity / buyouts and loan fund. It specializes in directly investing. It specializes in middle market. The fund seeks to invest in United States.