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

Carlyle Secured Lending (NASDAQ:CGBD) issued its earnings results on Tuesday. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01, Zacks reports. The company had revenue of $55.97 million for the quarter, compared to analysts’ expectations 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 last year, the company posted $0.52 earnings per share.

Carlyle Secured Lending Price Performance

CGBD traded down $0.19 on Wednesday, hitting $16.60. 271,351 shares of the company’s stock traded hands, compared to its average volume of 209,747. The firm has a market cap of $843.20 million, a price-to-earnings ratio of 8.48 and a beta of 1.59. Carlyle Secured Lending has a one year low of $14.02 and a one year high of $18.74. The company’s 50 day simple moving average is $17.16 and its 200-day simple moving average is $17.40. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.05.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CGBD. Wells Fargo & Company raised their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target on the stock. in a research report on Monday, July 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.