Wall Street brokerages expect that Corporate Capital Trust Inc (NYSE:CCT) will report earnings per share (EPS) of $0.40 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Corporate Capital Trust’s earnings. The business is expected to issue its next earnings report on Tuesday, August 21st.
On average, analysts expect that Corporate Capital Trust will report full-year earnings of $1.61 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $1.72 per share, with EPS estimates ranging from $1.67 to $1.76. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Corporate Capital Trust.
Corporate Capital Trust (NYSE:CCT) last released its quarterly earnings results on Tuesday, May 15th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Corporate Capital Trust had a return on equity of 7.01% and a net margin of 40.13%. The firm had revenue of $99.64 million for the quarter, compared to analyst estimates of $101.60 million.
A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Corporate Capital Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine lowered Corporate Capital Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 27th.
Institutional investors have recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in shares of Corporate Capital Trust during the fourth quarter worth $107,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Corporate Capital Trust during the first quarter worth $110,000. Wealthcare Advisory Partners LLC increased its position in shares of Corporate Capital Trust by 940.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 9,667 shares of the company’s stock worth $163,000 after acquiring an additional 8,738 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of Corporate Capital Trust during the first quarter worth $170,000. Finally, Vantage Investment Advisors LLC increased its position in shares of Corporate Capital Trust by 319.7% during the first quarter. Vantage Investment Advisors LLC now owns 10,089 shares of the company’s stock worth $171,000 after acquiring an additional 7,685 shares during the period. 19.72% of the stock is currently owned by institutional investors and hedge funds.
Corporate Capital Trust opened at $16.22 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.25. Corporate Capital Trust has a 52 week low of $14.43 and a 52 week high of $19.00. The firm has a market cap of $2.07 billion and a price-to-earnings ratio of 10.53.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Friday, June 29th will be given a dividend of $0.4022 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 9.92%. The ex-dividend date of this dividend is Thursday, June 28th. Corporate Capital Trust’s dividend payout ratio is currently 104.55%.
Corporate Capital Trust Company Profile
Corporate Capital Trust Inc is headquartered in Orlando, Florida, United States and is engaged in the financial intermediation activities. The company offers Trust. The company was founded in 2010.
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