Wall Street analysts expect Goldman Sachs BDC Inc (NYSE:GSBD) to post earnings of $0.47 per share for the current quarter, according to Zacks. Three analysts have made estimates for Goldman Sachs BDC’s earnings, with estimates ranging from $0.46 to $0.48. Goldman Sachs BDC posted earnings per share of $0.49 in the same quarter last year, which suggests a negative year-over-year growth rate of 4.1%. The firm is scheduled to report its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Goldman Sachs BDC will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.83 to $1.99. For the next financial year, analysts expect that the firm will report earnings of $1.94 per share, with EPS estimates ranging from $1.82 to $2.06. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Goldman Sachs BDC.
Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.47. The business had revenue of $34.20 million during the quarter, compared to the consensus estimate of $34.62 million. Goldman Sachs BDC had a return on equity of 11.22% and a net margin of 36.22%. During the same period in the prior year, the business posted $0.50 earnings per share.
A number of analysts recently weighed in on GSBD shares. TheStreet upgraded Goldman Sachs BDC from a “c” rating to a “b-” rating in a report on Thursday, December 21st. Zacks Investment Research upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Wednesday. National Securities restated a “neutral” rating and issued a $22.00 price objective on shares of Goldman Sachs BDC in a report on Monday, February 26th. Finally, Bank of America decreased their price target on Goldman Sachs BDC from $21.50 to $20.00 and set an “underperform” rating for the company in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.33.
A number of institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Goldman Sachs BDC during the 4th quarter worth about $225,000. Greenwich Investment Management Inc. grew its holdings in Goldman Sachs BDC by 20.7% during the 4th quarter. Greenwich Investment Management Inc. now owns 43,805 shares of the financial services provider’s stock worth $971,000 after acquiring an additional 7,500 shares during the period. MML Investors Services LLC acquired a new stake in Goldman Sachs BDC during the 4th quarter worth about $268,000. BlackRock Inc. grew its holdings in Goldman Sachs BDC by 8.3% during the 4th quarter. BlackRock Inc. now owns 255,384 shares of the financial services provider’s stock worth $5,664,000 after acquiring an additional 19,480 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Goldman Sachs BDC by 41.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 21,083 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 6,226 shares during the period. Hedge funds and other institutional investors own 35.33% of the company’s stock.
Goldman Sachs BDC (NYSE:GSBD) traded down $0.23 during midday trading on Friday, reaching $19.85. The company had a trading volume of 112,978 shares, compared to its average volume of 143,927. The firm has a market capitalization of $802.21 and a P/E ratio of 15.56. Goldman Sachs BDC has a 1-year low of $19.24 and a 1-year high of $25.60. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.75.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.80 dividend on an annualized basis and a yield of 9.07%. Goldman Sachs BDC’s payout ratio is currently 140.63%.
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Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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