Brokerages Anticipate Golub Capital BDC Inc (NASDAQ:GBDC) to Post $0.32 Earnings Per Share

Equities analysts predict that Golub Capital BDC Inc (NASDAQ:GBDC) will report earnings per share of $0.32 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Golub Capital BDC’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.32. Golub Capital BDC also posted earnings per share of $0.32 during the same quarter last year. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 27th.

On average, analysts expect that Golub Capital BDC will report full-year earnings of $1.29 per share for the current year, with EPS estimates ranging from $1.28 to $1.31. For the next fiscal year, analysts expect that the firm will report earnings of $1.31 per share, with EPS estimates ranging from $1.28 to $1.34. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Golub Capital BDC.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $42.11 million during the quarter, compared to the consensus estimate of $41.48 million. Golub Capital BDC had a return on equity of 8.10% and a net margin of 43.56%. Golub Capital BDC’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share.

GBDC has been the subject of a number of recent analyst reports. BidaskClub raised Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. National Securities reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Golub Capital BDC in a research report on Monday, May 13th. Finally, Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 16th.

Several large investors have recently made changes to their positions in the company. Williams Jones & Associates LLC boosted its holdings in Golub Capital BDC by 5.6% in the first quarter. Williams Jones & Associates LLC now owns 19,000 shares of the investment management company’s stock valued at $340,000 after acquiring an additional 1,000 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Golub Capital BDC by 7.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 181,536 shares of the investment management company’s stock valued at $3,245,000 after acquiring an additional 13,235 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Golub Capital BDC by 86.5% in the first quarter. Cullen Frost Bankers Inc. now owns 90,741 shares of the investment management company’s stock valued at $1,622,000 after acquiring an additional 42,093 shares during the last quarter. Mckinley Capital Management LLC Delaware boosted its holdings in Golub Capital BDC by 0.4% in the first quarter. Mckinley Capital Management LLC Delaware now owns 213,462 shares of the investment management company’s stock valued at $3,816,000 after acquiring an additional 766 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in Golub Capital BDC by 50.5% in the second quarter. Sound Income Strategies LLC now owns 991,076 shares of the investment management company’s stock valued at $17,641,000 after acquiring an additional 332,531 shares during the last quarter. 34.50% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC stock traded up $0.09 during mid-day trading on Friday, hitting $18.46. 2,363 shares of the company were exchanged, compared to its average volume of 127,010. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.76 and a quick ratio of 3.76. The firm has a 50 day moving average price of $18.00. The firm has a market cap of $1.12 billion, a P/E ratio of 14.32, a P/E/G ratio of 7.12 and a beta of 0.62. Golub Capital BDC has a 12-month low of $16.21 and a 12-month high of $19.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, August 19th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date is Friday, August 16th. Golub Capital BDC’s dividend payout ratio is currently 99.22%.

Golub Capital BDC Company Profile

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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