Carlyle Secured Lending (NASDAQ:CGBD) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Carlyle Secured Lending (NASDAQ:CGBD) posted its earnings results on Tuesday. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01, Zacks reports. The business had revenue of $55.97 million for the quarter, compared to analyst estimates of $39.92 million. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. During the same quarter in the prior year, the firm posted $0.52 EPS.

Carlyle Secured Lending Price Performance

Shares of CGBD traded down $0.34 during midday trading on Wednesday, hitting $16.45. 311,534 shares of the company traded hands, compared to its average volume of 209,934. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.85 and a current ratio of 1.85. Carlyle Secured Lending has a 52 week low of $14.02 and a 52 week high of $18.74. The firm has a 50 day moving average of $17.16 and a 200-day moving average of $17.40. The stock has a market cap of $835.58 million, a price-to-earnings ratio of 8.38 and a beta of 1.59.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CGBD shares. JPMorgan Chase & Co. cut Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price for the company. in a research report on Monday, July 29th. Wells Fargo & Company raised their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th.

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.