Equities analysts predict that Golub Capital BDC Inc (NASDAQ:GBDC) will announce earnings of $0.32 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Golub Capital BDC’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.32. Golub Capital BDC posted earnings per share of $0.35 in the same quarter last year, which indicates a negative year over year growth rate of 8.6%. The company is scheduled to announce its next quarterly earnings results on Monday, August 6th.
On average, analysts expect that Golub Capital BDC will report full-year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.28. For the next fiscal year, analysts forecast that the company will post earnings of $1.31 per share, with EPS estimates ranging from $1.29 to $1.35. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Golub Capital BDC.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, May 7th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Golub Capital BDC had a return on equity of 8.11% and a net margin of 58.88%. The business had revenue of $36.90 million for the quarter, compared to the consensus estimate of $36.35 million.
GBDC has been the topic of a number of recent research reports. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, May 10th. BidaskClub raised Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Saturday, May 26th. ValuEngine downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Saturday, March 10th. Finally, National Securities reaffirmed a “buy” rating and set a $21.00 price objective on shares of Golub Capital BDC in a research report on Thursday, May 10th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.67.
Hedge funds have recently modified their holdings of the stock. Derby & Company Inc. purchased a new stake in Golub Capital BDC in the first quarter valued at about $651,000. Legal & General Group Plc raised its stake in Golub Capital BDC by 18.0% in the first quarter. Legal & General Group Plc now owns 216,154 shares of the investment management company’s stock valued at $3,868,000 after buying an additional 33,008 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Golub Capital BDC in the first quarter valued at about $185,000. LPL Financial LLC purchased a new stake in Golub Capital BDC in the first quarter valued at about $214,000. Finally, Jane Street Group LLC purchased a new stake in Golub Capital BDC in the first quarter valued at about $245,000. 38.05% of the stock is currently owned by institutional investors.
Shares of Golub Capital BDC traded down $0.14, reaching $18.24, during midday trading on Friday, according to MarketBeat Ratings. 164,671 shares of the stock were exchanged, compared to its average volume of 227,803. Golub Capital BDC has a 52 week low of $17.35 and a 52 week high of $19.86. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.45 and a beta of 0.62.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Friday, June 8th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Thursday, June 7th. Golub Capital BDC’s payout ratio is currently 102.40%.
About Golub Capital BDC
Golub Capital BDC, Inc is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. The company seeks to invest in the United States.
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