Crescent Capital BDC (CCAP) Set to Announce Earnings on Monday

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 11th. Analysts expect Crescent Capital BDC to post earnings of $0.57 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. Crescent Capital BDC had a return on equity of 12.03% and a net margin of 51.61%. The company had revenue of $48.95 million for the quarter, compared to analysts' expectations of $48.05 million. During the same period last year, the firm posted $0.56 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 Performance

NASDAQ:CCAP traded down $0.47 during mid-day trading on Monday, reaching $17.55. The company's stock had a trading volume of 211,793 shares, compared to its average volume of 132,189. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.17. The stock has a market cap of $650.40 million, a P/E ratio of 6.38 and a beta of 0.81. The firm's fifty day moving average price is $18.41 and its two-hundred day moving average price is $18.36. Crescent Capital BDC has a 12-month low of $15.91 and a 12-month high of $19.63.

Crescent Capital BDC Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.42 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.68 annualized dividend and a yield of 9.57%. This is a boost from Crescent Capital BDC's previous quarterly dividend of $0.09. Crescent Capital BDC's dividend payout ratio (DPR) is currently 61.09%.

Analyst Upgrades and Downgrades

CCAP has been the topic of several research analyst reports. Bank of America lowered their price target on Crescent Capital BDC from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. LADENBURG THALM/SH SH initiated coverage on Crescent Capital BDC in a report on Monday, September 30th. They issued a "buy" rating and a $20.00 target price on the stock. Finally, Wells Fargo & Company cut their price target on Crescent Capital BDC from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

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.