Crescent Capital BDC (CCAP) Set to Announce Quarterly Earnings on Wednesday

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

Crescent Capital BDC (NASDAQ:CCAP) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. Crescent Capital BDC had a return on equity of 11.32% and a net margin of 45.54%. The firm had revenue of $50.00 million during the quarter, compared to analysts’ expectations of $47.99 million. 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 Up 0.9 %

CCAP stock opened at $17.49 on Monday. Crescent Capital BDC has a 1-year low of $13.11 and a 1-year high of $18.00. The business has a fifty day moving average price of $17.14 and a 200-day moving average price of $16.82. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $648.18 million, a P/E ratio of 7.64 and a beta of 0.81.

Crescent Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 9.38%. The ex-dividend date was Wednesday, March 27th. Crescent Capital BDC’s dividend payout ratio is currently 71.62%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CCAP shares. Oppenheimer boosted their price target on Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Wells Fargo & Company boosted their price target on Crescent Capital BDC from $16.00 to $16.50 and gave the stock an “equal weight” rating in a research note on Monday, January 29th.

About Crescent Capital BDC

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.