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

Carlyle Secured Lending (NASDAQ:CGBD) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Monday, February 26th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company 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 period in the previous 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

Carlyle Secured Lending stock opened at $17.33 on Tuesday. The firm has a market capitalization of $880.28 million, a P/E ratio of 10.25 and a beta of 1.59. The stock has a fifty day moving average price of $16.26 and a 200 day moving average price of $15.38. Carlyle Secured Lending has a 52 week low of $13.12 and a 52 week high of $17.49. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.14.

Carlyle Secured Lending Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were paid a $0.48 dividend. This is a positive change from Carlyle Secured Lending’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 11.08%. The ex-dividend date of this dividend was Wednesday, March 27th. Carlyle Secured Lending’s dividend payout ratio is presently 94.67%.

Wall Street Analysts Forecast Growth

CGBD has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on Carlyle Secured Lending from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Citigroup upped their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th.

About Carlyle Secured Lending

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.