Crescent Capital BDC (NASDAQ:CCAP) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Crescent Capital BDC (NASDAQ:CCAP) posted its quarterly earnings results on Monday. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01, Yahoo Finance reports. The business had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $48.05 million. Crescent Capital BDC had a return on equity of 11.99% and a net margin of 53.32%. During the same quarter last year, the business earned $0.56 earnings per share.

Crescent Capital BDC Trading Up 0.3 %

Crescent Capital BDC stock traded up $0.05 during midday trading on Wednesday, hitting $17.82. 201,209 shares of the stock were exchanged, compared to its average volume of 142,485. The stock has a market capitalization of $660.44 million, a PE ratio of 6.32 and a beta of 0.81. The company has a fifty day simple moving average of $18.75 and a two-hundred day simple moving average of $17.72. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.11. Crescent Capital BDC has a 52 week low of $15.03 and a 52 week high of $19.63.

Crescent Capital BDC Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Saturday, August 31st will be paid a $0.09 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.02%. Crescent Capital BDC’s dividend payout ratio (DPR) is presently 59.79%.

Wall Street Analyst Weigh In

CCAP has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their target price on shares of Crescent Capital BDC from $18.50 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Wells Fargo & Company cut their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Raymond James lifted their target price on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, May 10th.

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.