Crescent Capital BDC (NASDAQ:CCAP) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) issued its earnings results on Wednesday. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01), Zacks reports. The business had revenue of $46.40 million during the quarter, compared to the consensus estimate of $47.27 million. Crescent Capital BDC had a return on equity of 11.86% and a net margin of 37.32%.

Crescent Capital BDC Stock Down 3.3 %

Shares of Crescent Capital BDC stock traded down $0.64 during trading hours on Friday, reaching $18.42. The company's stock had a trading volume of 409,726 shares, compared to its average volume of 101,636. Crescent Capital BDC has a one year low of $16.58 and a one year high of $20.19. The company has a market capitalization of $682.50 million, a P/E ratio of 9.25 and a beta of 0.81. The stock's fifty day simple moving average is $19.43 and its two-hundred day simple moving average is $18.87. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.26.

Crescent Capital BDC Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. Crescent Capital BDC's dividend payout ratio (DPR) is presently 84.42%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note on Friday. Keefe, Bruyette & Woods lifted their price target on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.17.

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.