Analysts predict that Corporate Capital Trust Inc (NYSE:CCT) will report earnings of $0.41 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Corporate Capital Trust’s earnings. Corporate Capital Trust posted earnings per share of $0.38 in the same quarter last year, which suggests a positive year-over-year growth rate of 7.9%. The business is expected to issue its next earnings results on Wednesday, March 13th.

On average, analysts expect that Corporate Capital Trust will report full-year earnings of $1.58 per share for the current year, with EPS estimates ranging from $1.55 to $1.60. For the next financial year, analysts forecast that the business will report earnings of $1.70 per share, with EPS estimates ranging from $1.65 to $1.74. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Corporate Capital Trust.

Corporate Capital Trust (NYSE:CCT) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.01). Corporate Capital Trust had a net margin of 36.12% and a return on equity of 7.89%. The business had revenue of $103.86 million for the quarter, compared to analysts’ expectations of $106.35 million.

Several research firms recently issued reports on CCT. Zacks Investment Research lowered shares of Corporate Capital Trust from a “hold” rating to a “sell” rating in a report on Monday, November 12th. ValuEngine lowered shares of Corporate Capital Trust from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. BMO Capital Markets reduced their target price on shares of Corporate Capital Trust from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Tuesday, July 24th. Finally, Wells Fargo & Co lowered shares of Corporate Capital Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.15.

In other news, COO Ryan Wilson bought 2,500 shares of Corporate Capital Trust stock in a transaction that occurred on Thursday, August 23rd. The stock was bought at an average cost of $16.30 per share, with a total value of $40,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederick Arnold purchased 7,500 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was acquired at an average price of $16.39 per share, with a total value of $122,925.00. The disclosure for this purchase can be found here.

A number of hedge funds have recently bought and sold shares of the business. PVG Asset Management Corp boosted its stake in Corporate Capital Trust by 172.5% in the 3rd quarter. PVG Asset Management Corp now owns 226,687 shares of the company’s stock worth $3,459,000 after purchasing an additional 143,507 shares during the period. Philadelphia Financial Management of San Francisco LLC bought a new position in Corporate Capital Trust in the 3rd quarter worth approximately $8,570,000. Lucia Wealth Services LLC boosted its stake in Corporate Capital Trust by 576.2% in the 3rd quarter. Lucia Wealth Services LLC now owns 23,335 shares of the company’s stock worth $356,000 after purchasing an additional 19,884 shares during the period. Envestnet Asset Management Inc. bought a new position in Corporate Capital Trust in the 3rd quarter worth approximately $227,000. Finally, Jane Street Group LLC boosted its stake in Corporate Capital Trust by 17.0% in the 3rd quarter. Jane Street Group LLC now owns 93,836 shares of the company’s stock worth $1,432,000 after purchasing an additional 13,635 shares during the period. Institutional investors and hedge funds own 22.28% of the company’s stock.

NYSE CCT opened at $14.00 on Friday. The stock has a market cap of $1.74 billion and a PE ratio of 9.09. Corporate Capital Trust has a 52 week low of $13.69 and a 52 week high of $19.00. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.10.

About Corporate Capital Trust

Corporate Capital Trust, Inc is a business development company co- sponsored by CNL Fund Advisors Company and KKR Asset Management, LLC. It specializes in senior debt and subordinated debt investments in medium and large sized mature companies. The fund does not invest in start-up companies or companies with speculative business plans.

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Earnings History and Estimates for Corporate Capital Trust (NYSE:CCT)

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