Carlyle Secured Lending (NASDAQ:CGBD) Announces Quarterly Earnings Results

Posted by Oscar Bower on Nov 6th, 2024

Carlyle Secured Lending (NASDAQ:CGBD – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01, Zacks reports. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. The business had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $39.92 million. During the same period last year, the business earned $0.52 earnings per share.

Carlyle Secured Lending Stock Down 2.0 %

Carlyle Secured Lending stock traded down $0.34 during mid-day trading on Wednesday, reaching $16.45. 289,713 shares of the company’s stock were exchanged, compared to its average volume of 209,833. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.05. Carlyle Secured Lending has a twelve month low of $14.02 and a twelve month high of $18.74. The company has a market cap of $835.58 million, a P/E ratio of 8.38 and a beta of 1.59. The company has a fifty day moving average of $17.16 and a 200-day moving average of $17.40.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted 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 report on Tuesday, October 29th. JPMorgan Chase & Co. cut Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price objective for the company. in a research note on Monday, July 29th.

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About Carlyle Secured Lending

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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.