Crescent Capital BDC (CCAP) to Release Quarterly Earnings on Monday

Crescent Capital BDC (NASDAQ:CCAP) will be posting its quarterly earnings results after the market closes on Monday, August 12th. Analysts expect Crescent Capital BDC to post earnings of $0.58 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Crescent Capital BDC (NASDAQ:CCAP) last released its earnings results on Wednesday, May 8th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Crescent Capital BDC had a net margin of 53.32% and a return on equity of 11.99%. The firm had revenue of $50.36 million during the quarter, compared to analysts’ expectations of $48.31 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 Price Performance

Shares of Crescent Capital BDC stock opened at $17.81 on Friday. The firm has a fifty day moving average price of $18.77 and a two-hundred day moving average price of $17.70. Crescent Capital BDC has a fifty-two week low of $15.03 and a fifty-two week high of $19.63. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market cap of $660.07 million, a PE ratio of 6.34 and a beta of 0.81.

Crescent Capital BDC Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 9.43%. The ex-dividend date was Friday, June 28th. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.41. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 59.79%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CCAP. Keefe, Bruyette & Woods upped their price target on Crescent Capital BDC from $18.50 to $19.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Raymond James upped their target price on Crescent Capital BDC from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Finally, Wells Fargo & Company raised their target price on Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th.

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.