Zacks: Analysts Anticipate Goldman Sachs BDC, Inc. (NYSE:GSBD) Will Announce Earnings of $0.47 Per Share
Wall Street brokerages expect Goldman Sachs BDC, Inc. (NYSE:GSBD) to report earnings per share (EPS) of $0.47 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Goldman Sachs BDC’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.50. Goldman Sachs BDC posted earnings of $0.51 per share in the same quarter last year, which suggests a negative year over year growth rate of 7.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 3rd.
On average, analysts expect that Goldman Sachs BDC will report full-year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.94 to $2.02. For the next financial year, analysts forecast that the firm will post earnings of $1.98 per share, with EPS estimates ranging from $1.87 to $2.07. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Goldman Sachs BDC.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.15. Goldman Sachs BDC had a return on equity of 11.81% and a net margin of 35.73%. The firm had revenue of $36 million during the quarter, compared to the consensus estimate of $33.66 million. During the same period last year, the business posted $0.49 EPS. Goldman Sachs BDC’s quarterly revenue was up 11.8% on a year-over-year basis.
GSBD has been the topic of several recent analyst reports. BidaskClub raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Thursday. National Securities reissued a “neutral” rating and set a $22.00 target price on shares of Goldman Sachs BDC in a report on Monday. TheStreet cut Goldman Sachs BDC from a “b-” rating to a “c” rating in a report on Tuesday, June 13th. Raymond James Financial, Inc. raised Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a report on Friday, May 26th. Finally, Zacks Investment Research raised Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Goldman Sachs BDC has an average rating of “Hold” and a consensus price target of $22.65.
In related news, Director Ross Jay Kari purchased 5,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were acquired at an average cost of $22.24 per share, for a total transaction of $111,200.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ann B. Lane purchased 2,240 shares of the stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of $22.32 per share, for a total transaction of $49,996.80. Following the completion of the acquisition, the director now owns 2,240 shares in the company, valued at $49,996.80. The disclosure for this purchase can be found here. Insiders own 0.32% of the company’s stock.
Several institutional investors have recently bought and sold shares of GSBD. Texas Yale Capital Corp. boosted its position in Goldman Sachs BDC by 1.1% in the second quarter. Texas Yale Capital Corp. now owns 110,230 shares of the financial services provider’s stock valued at $2,482,000 after buying an additional 1,250 shares in the last quarter. Legal & General Group Plc boosted its position in Goldman Sachs BDC by 16.9% in the second quarter. Legal & General Group Plc now owns 103,052 shares of the financial services provider’s stock valued at $2,317,000 after buying an additional 14,877 shares in the last quarter. West Family Investments Inc. bought a new position in Goldman Sachs BDC during the second quarter valued at approximately $2,299,000. Wedbush Securities Inc. bought a new position in Goldman Sachs BDC during the second quarter valued at approximately $285,000. Finally, Palisade Capital Management LLC NJ bought a new position in Goldman Sachs BDC during the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 36.91% of the company’s stock.
Goldman Sachs BDC (GSBD) traded up 0.36% during trading on Monday, reaching $22.61. The company had a trading volume of 51,149 shares. The company has a 50-day moving average of $22.62 and a 200-day moving average of $23.74. Goldman Sachs BDC has a 52-week low of $19.98 and a 52-week high of $25.60.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.99%. The ex-dividend date is Thursday, September 28th. Goldman Sachs BDC’s payout ratio is 139.54%.
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Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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