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

Carlyle Secured Lending (NASDAQ:CGBD) will be posting 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its 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 firm had revenue of $62.69 million for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.48 EPS. 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 $17.18 on Monday. The business’s fifty day simple moving average is $16.45 and its 200 day simple moving average is $15.49. 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 has a 12 month low of $13.12 and a 12 month high of $17.58. The firm has a market capitalization of $872.57 million, a P/E ratio of 10.17 and a beta of 1.56.

Carlyle Secured Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were given a $0.48 dividend. This is a positive change from Carlyle Secured Lending’s previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, March 27th. This represents a $1.92 annualized dividend and a yield of 11.18%. Carlyle Secured Lending’s payout ratio is currently 94.67%.

Wall Street Analyst Weigh In

CGBD has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target 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 increased 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.

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.