Earnings results for Crescent Capital BDC (NASDAQ:CCAP)
Crescent Capital BDC, Inc. is expected* to report earnings on 02/24/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.46. The reported EPS for the same quarter last year was $0.4.
Analyst Opinion on Crescent Capital BDC (NASDAQ:CCAP)
2 Wall Street analysts have issued ratings and price targets for Crescent Capital BDC in the last 12 months. Their average twelve-month price target is $15.00, predicting that the stock has a possible downside of 7.86%. The high price target for CCAP is $15.00 and the low price target for CCAP is $15.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”
Crescent Capital BDC has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $15.00, Crescent Capital BDC has a forecasted downside of 7.9% from its current price of $16.28. Crescent Capital BDC has received no research coverage in the past 90 days.
Dividend Strength: Crescent Capital BDC (NASDAQ:CCAP)
Crescent Capital BDC is a leading dividend payer. It pays a dividend yield of 10.07%, putting its dividend yield in the top 25% of dividend-paying stocks. Crescent Capital BDC has only been increasing its dividend for 1 years. The dividend payout ratio of Crescent Capital BDC is 90.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Crescent Capital BDC will have a dividend payout ratio of 92.13% in the coming year. This indicates that Crescent Capital BDC may not be able to sustain their current dividend.
Insiders buying/selling: Crescent Capital BDC (NASDAQ:CCAP)
In the past three months, Crescent Capital BDC insiders have not sold or bought any company stock. Only 1.10% of the stock of Crescent Capital BDC is held by insiders. 36.08% of the stock of Crescent Capital BDC is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Crescent Capital BDC (NASDAQ:CCAP
Earnings for Crescent Capital BDC are expected to decrease by -0.56% in the coming year, from $1.79 to $1.78 per share. The P/E ratio of Crescent Capital BDC is 16.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 33.32. The P/E ratio of Crescent Capital BDC is 16.61, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.42.
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