Analysts Expect THL Credit (NASDAQ:FCRD) Will Announce Quarterly Sales of $7.93 Million

Equities research analysts expect that THL Credit (NASDAQ:FCRD) will post sales of $7.93 million for the current quarter, according to Zacks. Two analysts have provided estimates for THL Credit’s earnings. The highest sales estimate is $8.00 million and the lowest is $7.86 million. THL Credit posted sales of $12.79 million during the same quarter last year, which suggests a negative year over year growth rate of 38%. The company is scheduled to report its next quarterly earnings results on Monday, November 2nd.

According to Zacks, analysts expect that THL Credit will report full-year sales of $30.27 million for the current year, with estimates ranging from $30.05 million to $30.49 million. For the next year, analysts anticipate that the firm will report sales of $31.33 million, with estimates ranging from $30.29 million to $32.37 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover THL Credit.

THL Credit (NASDAQ:FCRD) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The company had revenue of $7.04 million during the quarter, compared to analysts’ expectations of $7.33 million. THL Credit had a negative net margin of 177.41% and a positive return on equity of 7.74%.

A number of brokerages have recently issued reports on FCRD. Deutsche Bank increased their price target on shares of THL Credit from $3.00 to $3.25 and gave the company a “hold” rating in a report on Monday, August 17th. Raymond James reissued a “hold” rating on shares of THL Credit in a research note on Thursday, August 6th. Finally, ValuEngine raised shares of THL Credit from a “sell” rating to a “hold” rating in a research note on Tuesday, September 1st.

Shares of FCRD traded down $0.14 during trading hours on Tuesday, reaching $2.39. The company had a trading volume of 91,697 shares, compared to its average volume of 169,940. The firm has a 50 day moving average of $3.05. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $71.96 million, a P/E ratio of -1.04 and a beta of 1.51. THL Credit has a 12-month low of $1.56 and a 12-month high of $7.00.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.10 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.40 annualized dividend and a yield of 16.74%. THL Credit’s payout ratio is 45.98%.

About THL Credit

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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