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

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $47.27 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. The business had revenue of $51.63 million for the quarter, compared to analyst estimates of $48.76 million. Crescent Capital BDC had a return on equity of 12.20% and a net margin of 47.06%. During the same quarter in the prior year, the company earned $0.59 earnings per share. 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 Down 0.2 %

NASDAQ:CCAP traded down $0.03 on Friday, hitting $19.94. The stock had a trading volume of 90,757 shares, compared to its average volume of 70,167. The company has a market cap of $738.98 million, a PE ratio of 7.82 and a beta of 0.81. Crescent Capital BDC has a 52 week low of $16.14 and a 52 week high of $20.03. The business's fifty day moving average is $19.46 and its 200 day moving average is $18.83. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.14.

Crescent Capital BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Crescent Capital BDC's previous quarterly dividend of $0.07. This represents a $1.68 annualized dividend and a dividend yield of 8.43%. Crescent Capital BDC's dividend payout ratio is 65.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Crescent Capital BDC from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, November 25th. Wells Fargo & Company increased their price target on Crescent Capital BDC from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Crescent Capital BDC has a consensus rating of "Moderate Buy" and an average price target of $19.33.

Crescent Capital BDC Company Profile

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.