Zacks: Analysts Expect Goldman Sachs BDC Inc (NYSE:GSBD) Will Announce Quarterly Sales of $37.76 Million

Wall Street analysts forecast that Goldman Sachs BDC Inc (NYSE:GSBD) will announce sales of $37.76 million for the current quarter, Zacks reports. Three analysts have issued estimates for Goldman Sachs BDC’s earnings. The highest sales estimate is $38.95 million and the lowest is $36.40 million. Goldman Sachs BDC reported sales of $37.24 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 1st.

On average, analysts expect that Goldman Sachs BDC will report full-year sales of $156.44 million for the current fiscal year, with estimates ranging from $150.00 million to $159.85 million. For the next year, analysts forecast that the firm will report sales of $170.62 million, with estimates ranging from $166.00 million to $175.08 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Goldman Sachs BDC.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Goldman Sachs BDC had a net margin of 25.34% and a return on equity of 12.08%. The firm had revenue of $36.54 million during the quarter, compared to analysts’ expectations of $36.22 million. During the same period in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year.

Several equities research analysts have issued reports on GSBD shares. National Securities reissued a “buy” rating and issued a $22.00 price objective on shares of Goldman Sachs BDC in a research report on Monday, May 13th. Zacks Investment Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Friday, May 10th. Wells Fargo & Co reissued a “market perform” rating and issued a $20.00 price objective (down from $20.50) on shares of Goldman Sachs BDC in a research report on Monday, May 13th. Citigroup lowered their price target on shares of Goldman Sachs BDC from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $22.00 price target (down previously from $23.00) on shares of Goldman Sachs BDC in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Goldman Sachs BDC has an average rating of “Buy” and a consensus price target of $22.00.

Goldman Sachs BDC stock traded down $0.13 during trading hours on Wednesday, hitting $19.63. The company had a trading volume of 2,550 shares, compared to its average volume of 131,815. The company has a market cap of $796.33 million, a price-to-earnings ratio of 9.53, a P/E/G ratio of 9.92 and a beta of 0.99. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.78. Goldman Sachs BDC has a 1 year low of $17.73 and a 1 year high of $22.75. The business’s 50-day simple moving average is $19.71.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.80 annualized dividend and a dividend yield of 9.17%. Goldman Sachs BDC’s payout ratio is presently 87.38%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Manchester Financial Inc. lifted its position in shares of Goldman Sachs BDC by 2.0% in the 1st quarter. Manchester Financial Inc. now owns 651,119 shares of the financial services provider’s stock worth $13,374,000 after purchasing an additional 13,018 shares during the period. Confluence Investment Management LLC lifted its position in shares of Goldman Sachs BDC by 1.2% in the 1st quarter. Confluence Investment Management LLC now owns 281,616 shares of the financial services provider’s stock worth $5,785,000 after purchasing an additional 3,262 shares during the period. Legal & General Group Plc lifted its position in shares of Goldman Sachs BDC by 13.7% in the 4th quarter. Legal & General Group Plc now owns 185,581 shares of the financial services provider’s stock worth $3,417,000 after purchasing an additional 22,375 shares during the period. Azimuth Capital Management LLC raised its stake in shares of Goldman Sachs BDC by 86.0% during the 1st quarter. Azimuth Capital Management LLC now owns 142,995 shares of the financial services provider’s stock worth $2,937,000 after acquiring an additional 66,135 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Goldman Sachs BDC by 1.0% during the 1st quarter. Private Advisor Group LLC now owns 107,314 shares of the financial services provider’s stock worth $2,204,000 after acquiring an additional 1,043 shares in the last quarter. 34.88% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Company Profile

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.

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