Golub Capital BDC Inc (GBDC) Expected to Post Earnings of $0.32 Per Share

Wall Street brokerages expect Golub Capital BDC Inc (NASDAQ:GBDC) to report earnings per share of $0.32 for the current quarter, according to Zacks. 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 also reported earnings per share of $0.32 in the same quarter last year. The company is scheduled to issue its next earnings report after the market closes on Wednesday, February 14th.

On average, analysts expect that Golub Capital BDC will report full year earnings of $1.28 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.29. For the next financial year, analysts expect that the firm will report earnings of $1.31 per share, with EPS estimates ranging from $1.28 to $1.36. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Golub Capital BDC.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, November 20th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. Golub Capital BDC had a net margin of 58.06% and a return on equity of 7.90%. The firm had revenue of $34.95 million during the quarter, compared to analyst estimates of $36.78 million. During the same period last year, the business earned $0.32 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis.

Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Zacks Investment Research downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. Keefe, Bruyette & Woods set a $20.00 price target on shares of Golub Capital BDC and gave the company a “hold” rating in a research report on Friday, October 6th. National Securities reissued a “neutral” rating and set a $19.00 price target on shares of Golub Capital BDC in a research report on Wednesday, November 22nd. Finally, BidaskClub raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.88.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new stake in shares of Golub Capital BDC during the third quarter valued at approximately $102,000. San Francisco Sentry Investment Group CA bought a new stake in shares of Golub Capital BDC during the third quarter valued at approximately $134,000. Global X MANAGEMENT CO LLC increased its position in shares of Golub Capital BDC by 48.4% during the third quarter. Global X MANAGEMENT CO LLC now owns 9,981 shares of the investment management company’s stock valued at $188,000 after acquiring an additional 3,253 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Golub Capital BDC in the 3rd quarter worth approximately $194,000. Finally, JPMorgan Chase & Co. grew its position in Golub Capital BDC by 219.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,042 shares of the investment management company’s stock worth $210,000 after purchasing an additional 7,584 shares during the period. 40.58% of the stock is owned by institutional investors.

Golub Capital BDC (NASDAQ GBDC) traded up $0.05 during mid-day trading on Friday, hitting $18.07. 233,486 shares of the stock traded hands, compared to its average volume of 247,689. Golub Capital BDC has a 1 year low of $17.70 and a 1 year high of $20.50. The stock has a market capitalization of $1,073.58, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.41 and a beta of 0.67. The company has a quick ratio of 3.56, a current ratio of 3.56 and a debt-to-equity ratio of 0.81.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Tuesday, December 12th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 7.08%. The ex-dividend date of this dividend was Monday, December 11th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 90.78%.

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About Golub Capital BDC

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

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