Wall Street brokers expect Golub Capital BDC, Inc. (NASDAQ:GBDC – Get a rating) will post earnings per share of $0.30 for the current quarter, Zacks Investment Research reports. Two analysts have made earnings estimates for Golub Capital BDC. Golub Capital BDC posted earnings of $0.29 per share in the same quarter last year, which would indicate a positive growth rate of 3.4% year over year. The company is due to announce its next earnings report on Monday, January 1.
On average, analysts expect Golub Capital BDC to report annual earnings of $1.21 per share for the current year. For next year, analysts expect the company to post earnings of $1.23 per share, with EPS estimates ranging from $1.20 to $1.28. Zacks Investment Research’s EPS averages are an average average based on a survey of sell-side research analysts who provide coverage for Golub Capital BDC.
Golub Capital BDC (NASDAQ: GBDC – Get a rating) last released its quarterly earnings data on Tuesday, May 10. The investment management firm reported earnings per share (EPS) of $0.27 for the quarter, missing analyst consensus estimates of $0.31 per ($0.04). Golub Capital BDC achieved a return on equity of 7.67% and a net margin of 86.36%. The company posted revenue of $85.90 million for the quarter, versus a consensus estimate of $92.16 million. In the same period a year earlier, the company posted earnings per share of $0.29. The company’s revenue was down 0.8% year over year.
The GBDC has been the subject of several recent research reports. StockNews.com launched a hedge on Golub Capital BDC shares in a research note on Thursday, March 31. They issued a “hold” rating for the company. TheStreet upgraded Golub Capital BDC shares from a “b-” rating to a “c” rating in a Wednesday, June 1 research report. Zacks Investment Research cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a Wednesday, April 13 research report. Finally, Wells Fargo & Company raised its price target on Golub Capital BDC shares from $17.00 to $17.50 and gave the company an “overweight” rating in a Monday, April 25 research report. Two research analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $17.17.
Several hedge funds and other institutional investors have recently changed their holdings in the company. Total Clarity Wealth Management Inc. acquired a new position in Golub Capital BDC during the fourth quarter, valued at approximately $28,000. Spire Wealth Management bought a new position in Golub Capital BDC during the fourth quarter, valued at around $28,000. Clearstead Advisors LLC bought a new position in Golub Capital BDC during the first quarter worth approximately $30,000. Future Financial Wealth Management LLC acquired a new position in Golub Capital BDC during the fourth quarter worth approximately $35,000. Finally, Neo Ivy Capital Management acquired a new position in Golub Capital BDC during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 44.01% of the company’s shares.
Golub Capital BDC stock traded down $0.01 at midday on Friday, hitting $13.60. The company’s shares had a trading volume of 87,266 shares, compared to an average volume of 1,232,090. The company has a debt ratio of 1.13, a current ratio of 4.55 and a quick ratio of 4 .55. The stock has a market capitalization of $2.32 billion, a price-earnings ratio of 8.14 and a beta of 0.57. The company has a 50-day moving average price of $14.72 and a 200-day moving average price of $15.15. Golub Capital BDC has a 12 month minimum of $13.55 and a 12 month maximum of $16.23.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 29. Shareholders of record on Friday, June 3 will receive a dividend of $0.30. The ex-date of this dividend is Thursday, June 2. This represents an annualized dividend of $1.20 and a dividend yield of 8.82%. Golub Capital BDC’s dividend payout ratio is currently 71.86%.
Company Profile Golub Capital BDC (Get a rating)
Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed non-diversified closed-end investment company. It invests in debt securities and minority stakes in middle market companies which are, in most cases, sponsored by private investors.
Featured Articles
Get a Free Copy of Zacks Research Report on Golub Capital BDC (GBDC)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Golub Capital BDC right now?
Before you consider Golub Capital BDC, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Golub Capital BDC didn’t make the list.
Although Golub Capital BDC currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here
Comments are closed.