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

Posted by Matthew Jenks on Nov 6th, 2024

Carlyle Secured Lending (NASDAQ:CGBD – Get Free Report) posted 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. Carlyle Secured Lending had a return on equity of 12.74% and a net margin of 44.19%. The firm had revenue of $55.97 million for the quarter, compared to the consensus estimate of $39.92 million. During the same quarter in the prior year, the business posted $0.52 earnings per share.

Carlyle Secured Lending Stock Down 1.1 %

Shares of CGBD traded down $0.19 during mid-day trading on Wednesday, reaching $16.60. The company had a trading volume of 271,351 shares, compared to its average volume of 209,747. Carlyle Secured Lending has a 52 week low of $14.02 and a 52 week high of $18.74. The company has a market capitalization of $843.20 million, a price-to-earnings ratio of 8.48 and a beta of 1.59. The firm has a 50-day moving average price of $17.16 and a 200 day moving average price of $17.40. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.85 and a current ratio of 1.85.

Analyst Upgrades and Downgrades

CGBD has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut 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. Wells Fargo & Company raised their price target 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.

Read Our Latest Research Report on CGBD

Carlyle Secured Lending Company Profile

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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.