Brokerages expect THL Credit, Inc. (NASDAQ:TCRD) to announce earnings per share (EPS) of $0.21 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for THL Credit’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.22. THL Credit reported earnings per share of $0.23 in the same quarter last year, which suggests a negative year over year growth rate of 8.7%. The business is expected to announce its next earnings report on Wednesday, March 4th.
On average, analysts expect that THL Credit will report full-year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $0.93. For the next fiscal year, analysts expect that the firm will post earnings of $0.83 per share, with EPS estimates ranging from $0.80 to $0.88. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover THL Credit.
THL Credit (NASDAQ:TCRD) last released its quarterly earnings results on Monday, November 4th. The investment management company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). THL Credit had a positive return on equity of 10.76% and a negative net margin of 55.49%. The business had revenue of $12.79 million for the quarter, compared to the consensus estimate of $13.51 million.
A number of hedge funds have recently added to or reduced their stakes in TCRD. Gilman Hill Asset Management LLC bought a new position in THL Credit in the 2nd quarter valued at about $83,000. JPMorgan Chase & Co. increased its holdings in THL Credit by 18.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,443 shares of the investment management company’s stock valued at $156,000 after buying an additional 3,668 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in THL Credit by 14.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,220 shares of the investment management company’s stock valued at $174,000 after buying an additional 3,300 shares during the period. Wedbush Securities Inc. increased its holdings in THL Credit by 6.9% in the 2nd quarter. Wedbush Securities Inc. now owns 36,165 shares of the investment management company’s stock valued at $240,000 after buying an additional 2,325 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in THL Credit by 7.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 51,431 shares of the investment management company’s stock valued at $342,000 after buying an additional 3,575 shares during the period. 48.76% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:TCRD traded up $0.04 during mid-day trading on Friday, reaching $6.83. 25,032 shares of the company’s stock were exchanged, compared to its average volume of 63,374. THL Credit has a one year low of $5.80 and a one year high of $7.43. The firm has a market capitalization of $205.64 million, a PE ratio of 6.38 and a beta of 1.03. The business’s fifty day simple moving average is $6.85 and its two-hundred day simple moving average is $6.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 0.30.
About THL Credit
THL Credit, Inc is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers.
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