Brokerages Anticipate Golub Capital BDC Inc (GBDC) Will Post Quarterly Sales of $39.47 Million
Wall Street brokerages expect Golub Capital BDC Inc (NASDAQ:GBDC) to report sales of $39.47 million for the current quarter, Zacks reports. Three analysts have made estimates for Golub Capital BDC’s earnings, with estimates ranging from $38.44 million to $41.12 million. Golub Capital BDC reported sales of $36.45 million during the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 6th.
According to Zacks, analysts expect that Golub Capital BDC will report full year sales of $234.92 million for the current year, with estimates ranging from $228.01 million to $241.83 million. For the next year, analysts anticipate that the business will report sales of $316.24 million, with estimates ranging from $298.00 million to $334.48 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Golub Capital BDC.
Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, November 28th. The investment management company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The firm had revenue of $40.40 million for the quarter, compared to analyst estimates of $38.74 million. Golub Capital BDC had a return on equity of 8.02% and a net margin of 53.87%. Golub Capital BDC’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in Golub Capital BDC by 310.9% in the second quarter. PNC Financial Services Group Inc. now owns 5,715 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 4,324 shares during the period. Sei Investments Co. grew its holdings in Golub Capital BDC by 62.2% in the second quarter. Sei Investments Co. now owns 8,146 shares of the investment management company’s stock valued at $149,000 after purchasing an additional 3,123 shares during the period. Belpointe Asset Management LLC acquired a new stake in Golub Capital BDC in the third quarter valued at approximately $158,000. M Holdings Securities Inc. acquired a new stake in Golub Capital BDC in the third quarter valued at approximately $202,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Golub Capital BDC in the third quarter valued at approximately $276,000. 36.68% of the stock is currently owned by institutional investors.
Golub Capital BDC stock traded up $0.27 during midday trading on Monday, hitting $18.42. 330,842 shares of the company were exchanged, compared to its average volume of 170,160. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 6.97 and a beta of 0.55. Golub Capital BDC has a fifty-two week low of $17.35 and a fifty-two week high of $19.89. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.87.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Wednesday, December 12th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.95%. The ex-dividend date is Tuesday, December 11th. Golub Capital BDC’s payout ratio is currently 99.22%.
About Golub Capital BDC
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.
See Also: What are retained earnings?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Golub Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golub Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter.