Carlyle Secured Lending (NASDAQ:CGBD) Announces Quarterly Earnings Results

Carlyle Secured Lending (NASDAQ:CGBD) announced its quarterly earnings data on Tuesday. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01, Zacks reports. The firm had revenue of $55.97 million during the quarter, compared to the consensus estimate of $39.92 million. Carlyle Secured Lending had a return on equity of 12.74% and a net margin of 44.19%. During the same quarter in the prior year, the company earned $0.52 EPS.

Carlyle Secured Lending Stock Performance

Carlyle Secured Lending stock traded down $0.34 during midday trading on Wednesday, reaching $16.45. The stock had a trading volume of 311,534 shares, compared to its average volume of 209,934. The firm has a market capitalization of $835.58 million, a PE ratio of 8.38 and a beta of 1.59. Carlyle Secured Lending has a 12 month low of $14.02 and a 12 month high of $18.74. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.05. The firm’s 50-day moving average price is $17.16 and its 200 day moving average price is $17.40.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target for the company. in a research report on Monday, July 29th. Wells Fargo & Company increased their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.