TCG BDC, Inc. (NASDAQ:CGBD) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.36 per share.
Looking ahead, the full year income are expected at $ 1.50 per share on the revenues of $ 181.32 million.
Previous Quarter Performance
TCG BDC, Inc. unfold income for the second quarter of $ 0.39 per share, from the revenue of $ 45.27 million. The quarterly earnings fell 15.22 percent while revenues down 20.40 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.35 per share from $ 44.32 million in revenue. The bottom line results beat street analysts by $ 0.04 or 11.43 percent, at the same time, top line results outshined analysts by $ 0.95 million or 2.14 percent.
Stock Performance
Shares of TCG BDC, Inc. traded up $ 0.07 or 0.83 percent on Tuesday, reaching $ 8.49 with volume of 211.10 thousand shares. TCG BDC, Inc. has traded high as $ 8.59 and has cracked $ 8.35 on the downward trend
According to the previous trading day, closing price of $ 8.49, representing a 95.81 % increase from the 52 week low of $ 4.30 and a 41.41 % decrease over the 52 week high of $ 14.37.
The company has a market capital of $ 478.06 million and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
On August 3, 2020, the board of directors authorized quarterly dividend of $ 0.32 per share to holders of record as of the close of business on September 30, 2020, with payment date of October 16, 2020 and ex-dividend date on September 29, 2020.
TCG BDC, Inc. is a non-diversified closed-end investment company. The fund operates as a business development company.
