Goldman Sachs BDC (NYSE:GSBD) announced its earnings results on Thursday. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03, Briefing.com reports. Goldman Sachs BDC had a net margin of 46.91% and a return on equity of 10.19%. The business had revenue of $38.00 million during the quarter, compared to analyst estimates of $36.84 million. During the same period in the previous year, the business posted $0.47 earnings per share. Goldman Sachs BDC’s revenue for the quarter was up 10.5% on a year-over-year basis.
Shares of GSBD stock traded up $0.25 during trading hours on Friday, hitting $21.34. 161,397 shares of the company’s stock were exchanged, compared to its average volume of 118,338. The company has a market capitalization of $821.21 million, a PE ratio of 10.31, a price-to-earnings-growth ratio of 5.15 and a beta of 0.79. Goldman Sachs BDC has a 12-month low of $18.78 and a 12-month high of $22.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.80 and a current ratio of 0.80.
GSBD has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Goldman Sachs BDC from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday, October 3rd. National Securities reiterated a “buy” rating and set a $23.00 target price on shares of Goldman Sachs BDC in a research report on Monday, August 6th. Finally, ValuEngine upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $22.71.
About Goldman Sachs BDC
Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.
Featured Article: S&P 500 Index
Receive News & Ratings for Goldman Sachs BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs BDC and related companies with MarketBeat.com's FREE daily email newsletter.