Crescent Capital BDC (NASDAQ:CCAP) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Crescent Capital BDC (NASDAQ:CCAP) released its quarterly earnings data on Wednesday. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01), Zacks reports. The firm had revenue of $46.40 million for the quarter, compared to analysts’ expectations of $47.27 million. Crescent Capital BDC had a return on equity of 11.86% and a net margin of 37.32%.

Crescent Capital BDC Trading Down 4.7 %

Shares of CCAP opened at $19.06 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average is $19.46 and its two-hundred day moving average is $18.86. Crescent Capital BDC has a twelve month low of $16.38 and a twelve month high of $20.19. The firm has a market capitalization of $706.33 million, a P/E ratio of 9.58 and a beta of 0.81.

Crescent Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, March 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.81%. Crescent Capital BDC’s dividend payout ratio (DPR) is 84.42%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CCAP shares. Keefe, Bruyette & Woods boosted their price target on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Wells Fargo & Company boosted their price target on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Crescent Capital BDC currently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

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.