TCG BDC (NASDAQ:CGBD) posted its earnings results on Tuesday. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01, Briefing.com reports. The business had revenue of $51.28 million for the quarter, compared to analyst estimates of $49.12 million. TCG BDC had a return on equity of 9.32% and a net margin of 45.15%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS.
NASDAQ CGBD remained flat at $$16.04 on Wednesday. The company’s stock had a trading volume of 263,700 shares, compared to its average volume of 137,581. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.76. TCG BDC has a 52-week low of $15.27 and a 52-week high of $20.30. The firm has a market cap of $992.34 million, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 4.76 and a beta of -0.05.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Friday, December 28th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.23%. The ex-dividend date of this dividend is Thursday, December 27th. TCG BDC’s dividend payout ratio is 85.06%.
COPYRIGHT VIOLATION WARNING: “TCG BDC (CGBD) Posts Earnings Results, Beats Estimates By $0.01 EPS” was posted by Week Herald and is the property of of Week Herald. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://weekherald.com/2018/11/07/tcg-bdc-cgbd-posts-earnings-results-beats-estimates-by-0-01-eps.html.
TCG BDC Company Profile
TCG BDC, Inc is a non-diversified closed-end investment company. The fund operates as a business development company. The company provides debt investments in the U.S. middle market companies. It also invests in first lien and second lien senior secured loans; middle market junior loans, such as corporate mezzanine loans, equity co-investments, syndicated first lien and second lien senior secured loans, high-yield bonds, structured finance obligations, and other opportunistic investments.
See Also: What is a bull market?
Receive News & Ratings for TCG BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCG BDC and related companies with MarketBeat.com's FREE daily email newsletter.