Barings Bdc (NYSE:BBDC) Issues Earnings Results, Misses Estimates By $0.02 EPS

Barings Bdc (NYSE:BBDC) released its quarterly earnings data on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02), FiscalAI reports. The company had revenue of $64.29 million for the quarter, compared to analyst estimates of $63.54 million. Barings Bdc had a net margin of 32.73% and a return on equity of 10.07%. During the same quarter in the prior year, the firm earned $0.22 EPS.

Barings Bdc Price Performance

Shares of BBDC traded down $0.07 during midday trading on Friday, reaching $8.67. The stock had a trading volume of 676,354 shares, compared to its average volume of 536,449. Barings Bdc has a 52 week low of $7.96 and a 52 week high of $9.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.09 and a quick ratio of 0.09. The firm’s 50 day moving average price is $8.68 and its 200-day moving average price is $8.67. The company has a market capitalization of $908.15 million, a P/E ratio of 10.20 and a beta of 0.65.

Barings Bdc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $1.04 annualized dividend and a dividend yield of 12.0%. Barings Bdc’s dividend payout ratio (DPR) is 125.30%.

Wall Street Analyst Weigh In

Several research analysts have commented on BBDC shares. Zacks Research cut shares of Barings Bdc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings lowered Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Wells Fargo & Company raised their price target on Barings Bdc from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Finally, Raymond James Financial set a $9.00 price objective on shares of Barings Bdc in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.50.

Key Barings Bdc News

Here are the key news stories impacting Barings Bdc this week:

• Positive Sentiment: Barings BDC declared a quarterly cash dividend of $0.26 per share, payable December 9, equivalent to $1.04 annually and an indicated yield of about 11.8%. The payout may appeal to income-focused investors. Barings BDC Q3 results and dividend
• Positive Sentiment: Management outlined a plan to bring leverage to 1.15x–1.16x in Q4, alongside a $400 million CLO refinancing. Lower leverage could strengthen the balance sheet and improve financial flexibility. Leverage plan and CLO refinancing
• Neutral Sentiment: Quarterly revenue of $64.29 million exceeded the cited consensus estimate of $63.54 million, offering a partial offset to the earnings shortfall. Q3 earnings results
• Negative Sentiment: Reported EPS of $0.24 missed the $0.26 consensus estimate. The earnings disappointment is a near-term headwind, particularly for investors assessing whether income can comfortably support the dividend. Q3 earnings estimate comparison

Barings Bdc Company Profile

Barings BDC, Inc (NYSE:BBDC) is a business development company that provides financing to privately owned, middle-market businesses. The company seeks to support companies across a range of industries by investing in their debt and equity securities.

Barings BDC primarily invests in senior secured loans, including first-lien and second-lien debt, as well as subordinated debt and selected equity investments. Its portfolio companies are generally based in the United States and may use the financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.

The company was formerly known as Triangle Capital Corporation and adopted the Barings BDC name following a change in its investment management arrangements.