Wall Street analysts predict that Corporate Capital Trust Inc (NYSE:CCT) will post earnings per share (EPS) of $0.41 for the current quarter, according to Zacks. Two analysts have issued estimates for Corporate Capital Trust’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.41. The company is scheduled to announce its next earnings results on Thursday, November 8th.
On average, analysts expect that Corporate Capital Trust will report full-year earnings of $1.60 per share for the current financial year. For the next fiscal year, analysts expect that the company will report earnings of $1.70 per share, with EPS estimates ranging from $1.65 to $1.74. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Corporate Capital Trust.
Corporate Capital Trust (NYSE:CCT) last posted its quarterly earnings results on Friday, August 10th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $103.76 million for the quarter, compared to analysts’ expectations of $101.46 million. Corporate Capital Trust had a net margin of 40.08% and a return on equity of 7.71%.
A number of equities research analysts recently commented on CCT shares. Wells Fargo & Co cut shares of Corporate Capital Trust from an “outperform” rating to a “market perform” rating in a report on Thursday. BMO Capital Markets lowered their price target on shares of Corporate Capital Trust from $17.00 to $16.61 and set a “market perform” rating on the stock in a report on Tuesday, August 14th. Finally, Zacks Investment Research cut shares of Corporate Capital Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.15.
In other Corporate Capital Trust news, COO Ryan Wilson acquired 2,500 shares of Corporate Capital Trust stock in a transaction that occurred on Thursday, August 23rd. The stock was acquired at an average cost of $16.30 per share, for a total transaction of $40,750.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frederick Arnold acquired 7,500 shares of Corporate Capital Trust stock in a transaction that occurred on Thursday, August 23rd. The stock was acquired at an average price of $16.39 per share, with a total value of $122,925.00. The disclosure for this purchase can be found here.
A number of institutional investors have recently added to or reduced their stakes in CCT. UBS Group AG grew its stake in Corporate Capital Trust by 13,834.2% in the 1st quarter. UBS Group AG now owns 2,473,881 shares of the company’s stock valued at $41,808,000 after buying an additional 2,456,127 shares in the last quarter. BlackRock Inc. purchased a new position in Corporate Capital Trust in the 1st quarter valued at approximately $12,700,000. Mckinley Capital Management LLC Delaware purchased a new position in Corporate Capital Trust in the 2nd quarter valued at approximately $3,665,000. Cornerstone Wealth Management LLC grew its stake in Corporate Capital Trust by 1,437.4% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 243,376 shares of the company’s stock valued at $15,384,000 after buying an additional 227,546 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in Corporate Capital Trust in the 1st quarter valued at approximately $3,418,000. Institutional investors and hedge funds own 21.38% of the company’s stock.
NYSE:CCT opened at $14.94 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.89 billion and a P/E ratio of 9.70. Corporate Capital Trust has a 12 month low of $14.43 and a 12 month high of $19.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 9th. Investors of record on Friday, September 28th will be paid a $0.402 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.61 dividend on an annualized basis and a yield of 10.76%. Corporate Capital Trust’s dividend payout ratio is 104.55%.
Corporate Capital Trust Company Profile
Corporate Capital Trust Inc is headquartered in Orlando, Florida, United States and is engaged in the financial intermediation activities. The company offers Trust. The company was founded in 2010.
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