Analysts expect THL Credit, Inc. (NASDAQ:TCRD) to post $0.31 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for THL Credit’s earnings, with estimates ranging from $0.27 to $0.33. THL Credit reported earnings per share of $0.28 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, March 6th.
On average, analysts expect that THL Credit will report full year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.21 to $1.28. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $1.08 to $1.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for THL Credit.
A number of brokerages have recently weighed in on TCRD. BidaskClub raised THL Credit from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. ValuEngine downgraded THL Credit from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. National Securities decreased their target price on THL Credit from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, November 13th. Finally, Maxim Group reiterated a “buy” rating and set a $11.50 price objective on shares of THL Credit in a research report on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. THL Credit has an average rating of “Hold” and an average price target of $10.70.
THL Credit (NASDAQ TCRD) remained flat at $$8.40 during trading on Friday. 34,619 shares of the stock were exchanged, compared to its average volume of 122,976. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $274.46, a PE ratio of 15.00, a PEG ratio of 7.73 and a beta of 1.04. THL Credit has a fifty-two week low of $8.16 and a fifty-two week high of $10.60.
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THL Credit Company Profile
THL Credit, Inc is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of lower middle market companies.
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