Carlyle Secured Lending (CGBD) Scheduled to Post Quarterly Earnings on Tuesday

Carlyle Secured Lending (NASDAQ:CGBD) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Carlyle Secured Lending to post earnings of $0.52 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Monday, February 26th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $62.69 million during the quarter, compared to analysts’ expectations of $42.86 million. Carlyle Secured Lending had a return on equity of 12.80% and a net margin of 38.19%. During the same quarter last year, the firm posted $0.48 earnings per share. On average, analysts expect Carlyle Secured Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carlyle Secured Lending Stock Performance

Shares of Carlyle Secured Lending stock opened at $17.33 on Tuesday. The stock has a market cap of $880.28 million, a PE ratio of 10.25 and a beta of 1.59. Carlyle Secured Lending has a 12 month low of $13.12 and a 12 month high of $17.49. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $16.26 and a 200-day simple moving average of $15.38.

Carlyle Secured Lending Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were given a dividend of $0.48 per share. This is a boost from Carlyle Secured Lending’s previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 11.08%. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 94.67%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CGBD shares. Wells Fargo & Company lifted their price objective on Carlyle Secured Lending from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Citigroup lifted their price objective on Carlyle Secured Lending from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.