Brokerages predict that THL Credit, Inc. (NASDAQ:TCRD) will announce earnings per share (EPS) of $0.24 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for THL Credit’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.25. THL Credit posted earnings of $0.27 per share in the same quarter last year, which would indicate a negative year over year growth rate of 11.1%. The business is scheduled to report its next earnings report on Wednesday, May 1st.

On average, analysts expect that THL Credit will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.03. For the next year, analysts expect that the firm will report earnings of $0.92 per share, with EPS estimates ranging from $0.87 to $0.98. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for THL Credit.

THL Credit (NASDAQ:TCRD) last released its quarterly earnings results on Wednesday, March 6th. The investment management company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). THL Credit had a positive return on equity of 10.69% and a negative net margin of 15.79%. The firm had revenue of $15.80 million for the quarter, compared to analyst estimates of $15.97 million.

A number of equities analysts have weighed in on TCRD shares. National Securities reduced their price target on THL Credit from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, March 11th. ValuEngine raised THL Credit from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. Raymond James upgraded THL Credit from an “underperform” rating to a “market perform” rating in a research note on Monday, March 11th. Finally, Zacks Investment Research cut THL Credit from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has an average rating of “Sell” and an average target price of $8.63.

Institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp raised its stake in shares of THL Credit by 73.1% during the 3rd quarter. Mackenzie Financial Corp now owns 96,843 shares of the investment management company’s stock worth $782,000 after purchasing an additional 40,904 shares in the last quarter. Fiera Capital Corp raised its stake in shares of THL Credit by 66.5% during the 4th quarter. Fiera Capital Corp now owns 1,194,693 shares of the investment management company’s stock worth $7,264,000 after purchasing an additional 477,335 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of THL Credit during the 4th quarter worth approximately $83,000. West Family Investments Inc. raised its stake in shares of THL Credit by 24.6% during the 4th quarter. West Family Investments Inc. now owns 766,094 shares of the investment management company’s stock worth $4,658,000 after purchasing an additional 151,296 shares in the last quarter. Finally, Freestone Capital Holdings LLC bought a new stake in shares of THL Credit during the 3rd quarter worth approximately $2,420,000. Institutional investors own 38.66% of the company’s stock.

NASDAQ:TCRD remained flat at $$6.51 during trading hours on Monday. The company’s stock had a trading volume of 75,521 shares, compared to its average volume of 240,002. THL Credit has a 52-week low of $5.80 and a 52-week high of $8.75. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.36. The firm has a market cap of $212.68 million, a P/E ratio of 6.08 and a beta of 1.16.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.90%. The ex-dividend date of this dividend is Tuesday, March 19th. THL Credit’s dividend payout ratio is currently 78.50%.

THL Credit Company Profile

THL Credit, Inc is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers.

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