Crescent Capital BDC (CCAP) Projected to Post Earnings on Wednesday

Crescent Capital BDC (NASDAQ:CCAP) is expected to be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect Crescent Capital BDC to post earnings of $0.56 per share and revenue of $47.27 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Crescent Capital BDC Stock Performance

Shares of CCAP stock opened at $19.94 on Tuesday. The company has a market cap of $738.98 million, a price-to-earnings ratio of 7.82 and a beta of 0.81. Crescent Capital BDC has a 52 week low of $16.14 and a 52 week high of $20.03. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average of $19.47 and a 200-day moving average of $18.84.

Crescent Capital BDC Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.42 dividend. This is a boost from Crescent Capital BDC’s previous quarterly dividend of $0.07. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.43%. The ex-dividend date was Tuesday, December 31st. Crescent Capital BDC’s dividend payout ratio (DPR) is currently 65.88%.

Analyst Ratings Changes

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