Carlyle Secured Lending (CGBD) to Release Quarterly Earnings on Tuesday

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) will release its earnings data after the market closes on Tuesday, November 5th. Analysts expect Carlyle Secured Lending to post earnings of $0.47 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The business had revenue of $58.26 million during the quarter, compared to the consensus estimate of $42.21 million. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. During the same quarter last year, the firm posted $0.52 EPS. On average, analysts expect Carlyle Secured Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carlyle Secured Lending Price Performance

CGBD stock traded down $0.20 during trading on Tuesday, reaching $17.16. 60,763 shares of the company were exchanged, compared to its average volume of 210,729. Carlyle Secured Lending has a 52-week low of $13.37 and a 52-week high of $18.74. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $871.64 million, a P/E ratio of 10.04 and a beta of 1.59. The stock's 50 day moving average price is $17.15 and its 200 day moving average price is $17.39.

Carlyle Secured Lending Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.96%. The ex-dividend date of this dividend was Monday, September 30th. Carlyle Secured Lending's dividend payout ratio is currently 93.57%.

Analyst Ratings Changes

Several brokerages recently issued reports on CGBD. JPMorgan Chase & Co. cut Carlyle Secured Lending from a "neutral" rating to an "underweight" rating and set a $17.00 price objective for the company. in a report on Monday, July 29th. Wells Fargo & Company lifted their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.