Zacks: Brokerages Anticipate First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) Will Announce Quarterly Sales of $8.00 Million

Analysts forecast that First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRDGet Rating) will announce $8.00 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for First Eagle Alternative Capital BDC’s earnings, with the lowest sales estimate coming in at $7.97 million and the highest estimate coming in at $8.03 million. First Eagle Alternative Capital BDC posted sales of $7.19 million in the same quarter last year, which suggests a positive year over year growth rate of 11.3%. The firm is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that First Eagle Alternative Capital BDC will report full year sales of $32.07 million for the current fiscal year, with estimates ranging from $31.86 million to $32.28 million. For the next financial year, analysts expect that the business will report sales of $34.40 million, with estimates ranging from $32.33 million to $36.46 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow First Eagle Alternative Capital BDC.

First Eagle Alternative Capital BDC (NASDAQ:FCRDGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). First Eagle Alternative Capital BDC had a return on equity of 6.20% and a net margin of 56.39%. The company had revenue of $8.07 million for the quarter, compared to analysts’ expectations of $8.18 million. During the same period in the previous year, the business posted $0.11 EPS.

Separately, Zacks Investment Research cut shares of First Eagle Alternative Capital BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, March 8th.

Shares of FCRD stock opened at $4.01 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.60. First Eagle Alternative Capital BDC has a 52 week low of $3.97 and a 52 week high of $4.89. The stock has a market capitalization of $120.27 million, a PE ratio of 6.68 and a beta of 1.53. The firm has a 50 day moving average of $4.32 and a two-hundred day moving average of $4.51.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were given a $0.10 dividend. The ex-dividend date was Monday, March 14th. This represents a $0.40 annualized dividend and a yield of 9.98%. First Eagle Alternative Capital BDC’s dividend payout ratio is presently 66.67%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Rivernorth Capital Management LLC lifted its position in shares of First Eagle Alternative Capital BDC by 25.5% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,013,905 shares of the company’s stock worth $8,881,000 after purchasing an additional 409,798 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of First Eagle Alternative Capital BDC by 71.1% during the 3rd quarter. Franklin Resources Inc. now owns 708,880 shares of the company’s stock worth $3,126,000 after purchasing an additional 294,608 shares during the last quarter. Pettinga Financial Advisors LLC lifted its position in shares of First Eagle Alternative Capital BDC by 12.5% during the 1st quarter. Pettinga Financial Advisors LLC now owns 608,429 shares of the company’s stock worth $2,677,000 after purchasing an additional 67,828 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of First Eagle Alternative Capital BDC during the 3rd quarter worth $1,369,000. Finally, Morgan Stanley purchased a new stake in shares of First Eagle Alternative Capital BDC during the 2nd quarter worth $1,159,000. Institutional investors and hedge funds own 31.53% of the company’s stock.

First Eagle Alternative Capital BDC Company Profile (Get Rating)

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.

Featured Stories

Get a free copy of the Zacks research report on First Eagle Alternative Capital BDC (FCRD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for First Eagle Alternative Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Eagle Alternative Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter.