THL Credit (TCRD) Posts Quarterly Earnings, Beats Estimates By $0.02 EPS
THL Credit (NASDAQ: TCRD) issued its quarterly earnings data on Monday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. During the same quarter in the previous year, the company posted $0.30 earnings per share.
On a related note, analysts at Deutsche Bank downgraded shares of THL Credit from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 21st. They now have a $15.00 price target on the stock.
Four analysts have rated the stock with a buy rating, and two have issued a hold rating to the stock. The company currently has an average rating of “overweight” and a consensus target price of $15.69.
Shares of THL Credit (TCRD) traded up 2.72% during mid-day trading on Monday, hitting $15.87. THL Credit (TCRD) has a 52 week low of $12.20 and a 52 week high of $15.73. The stock’s 50-day moving average is currently $14.98. The company has a market cap of $417.6 million and a P/E ratio of 12.60.
THL Credit, Inc. is a non-diversified, closed-end management investment company. The Company operates as a business development company.
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