First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) Expected to Post Quarterly Sales of $7.81 Million

Analysts expect First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRDGet Rating) to report sales of $7.81 million for the current quarter, Zacks reports. Two analysts have made estimates for First Eagle Alternative Capital BDC’s earnings, with the highest sales estimate coming in at $7.90 million and the lowest estimate coming in at $7.73 million. First Eagle Alternative Capital BDC posted sales of $7.78 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.4%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that First Eagle Alternative Capital BDC will report full-year sales of $32.36 million for the current fiscal year, with estimates ranging from $32.16 million to $32.56 million. For the next financial year, analysts anticipate that the business will post sales of $38.15 million, with estimates ranging from $34.23 million to $42.06 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover First Eagle Alternative Capital BDC.

First Eagle Alternative Capital BDC (NASDAQ:FCRDGet Rating) last issued its earnings results on Thursday, March 3rd. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $8.07 million during the quarter, compared to the consensus estimate of $8.18 million. First Eagle Alternative Capital BDC had a net margin of 13.50% and a return on equity of 6.08%. During the same period in the previous year, the company posted $0.11 EPS.

Separately, Zacks Investment Research downgraded shares of First Eagle Alternative Capital BDC from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th.

NASDAQ:FCRD traded down $0.04 during mid-day trading on Thursday, reaching $3.76. 50,104 shares of the company’s stock were exchanged, compared to its average volume of 26,056. The firm has a market capitalization of $112.50 million, a PE ratio of 25.07 and a beta of 1.48. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.16 and a current ratio of 0.16. First Eagle Alternative Capital BDC has a one year low of $3.72 and a one year high of $4.89. The business’s fifty day simple moving average is $4.15 and its two-hundred day simple moving average is $4.42.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 10.64%. First Eagle Alternative Capital BDC’s dividend payout ratio is currently 266.67%.

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new stake in First Eagle Alternative Capital BDC during the 2nd quarter valued at $27,000. Jane Street Group LLC bought a new stake in First Eagle Alternative Capital BDC during the 1st quarter valued at $49,000. O Shaughnessy Asset Management LLC boosted its holdings in First Eagle Alternative Capital BDC by 319.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,697 shares of the company’s stock worth $91,000 after acquiring an additional 15,765 shares during the last quarter. Claybrook Capital LLC purchased a new position in First Eagle Alternative Capital BDC during the 1st quarter worth $126,000. Finally, HighTower Advisors LLC boosted its holdings in First Eagle Alternative Capital BDC by 37.4% during the 3rd quarter. HighTower Advisors LLC now owns 31,100 shares of the company’s stock worth $137,000 after acquiring an additional 8,472 shares during the last quarter. Institutional investors own 33.29% 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.

Read More

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.