Crescent Capital BDC (CCAP) Scheduled to Post Quarterly Earnings on Wednesday

Crescent Capital BDC (NASDAQ:CCAP) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Crescent Capital BDC (NASDAQ:CCAP) last posted its earnings results on Wednesday, February 21st. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $50.00 million for the quarter, compared to analysts’ expectations of $47.99 million. Crescent Capital BDC had a return on equity of 11.32% and a net margin of 45.54%. 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 opened at $17.58 on Tuesday. The stock has a market capitalization of $651.51 million, a price-to-earnings ratio of 7.68 and a beta of 0.81. The stock has a 50-day moving average of $17.15 and a 200 day moving average of $16.83. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.14. Crescent Capital BDC has a twelve month low of $13.30 and a twelve month high of $18.00.

Crescent Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.33%. The ex-dividend date was Wednesday, March 27th. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 71.62%.

Analysts Set New Price Targets

CCAP has been the topic of a number of research analyst reports. Oppenheimer lifted their price target on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Wells Fargo & Company lifted their target price on shares of Crescent Capital BDC from $16.00 to $16.50 and gave the company an “equal weight” rating in a research report on Monday, January 29th.

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.