Zacks: Analysts Anticipate Golub Capital BDC, Inc. (GBDC) Will Post Quarterly Sales of $35.00 Million
Brokerages expect Golub Capital BDC, Inc. (NASDAQ:GBDC) to announce $35.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Golub Capital BDC’s earnings. The highest sales estimate is $37.56 million and the lowest is $33.62 million. Golub Capital BDC posted sales of $33.85 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The business is expected to announce its next quarterly earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that Golub Capital BDC will report full year sales of $35.00 million for the current fiscal year, with estimates ranging from $136.38 million to $154.32 million. For the next fiscal year, analysts forecast that the business will report sales of $172.13 million per share, with estimates ranging from $165.00 million to $179.26 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Golub Capital BDC.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, November 20th. The investment management company reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Golub Capital BDC had a return on equity of 7.90% and a net margin of 58.06%. The business had revenue of $34.95 million for the quarter, compared to analysts’ expectations of $36.78 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis.
Golub Capital BDC (GBDC) opened at $18.84 on Tuesday. Golub Capital BDC has a 1 year low of $17.87 and a 1 year high of $20.50. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.56 and a current ratio of 3.56. The company has a market capitalization of $1,146.27, a price-to-earnings ratio of 14.69, a PEG ratio of 1.50 and a beta of 0.67.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Tuesday, December 12th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $1.28 dividend on an annualized basis and a yield of 6.79%. Golub Capital BDC’s dividend payout ratio (DPR) is 90.78%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Muzinich & Co. Inc. increased its stake in Golub Capital BDC by 19.7% in the 2nd quarter. Muzinich & Co. Inc. now owns 2,692,260 shares of the investment management company’s stock worth $51,476,000 after acquiring an additional 443,945 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Golub Capital BDC by 58.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 543,700 shares of the investment management company’s stock worth $10,396,000 after acquiring an additional 200,000 shares during the last quarter. Wells Fargo & Company MN increased its stake in Golub Capital BDC by 15.7% in the 3rd quarter. Wells Fargo & Company MN now owns 1,460,439 shares of the investment management company’s stock worth $27,486,000 after acquiring an additional 198,503 shares during the last quarter. Geneva Advisors LLC bought a new position in Golub Capital BDC in the 2nd quarter worth about $1,850,000. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in Golub Capital BDC by 34.7% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 305,734 shares of the investment management company’s stock worth $5,753,000 after acquiring an additional 78,720 shares during the last quarter. 40.76% of the stock is currently owned by institutional investors and hedge funds.
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About Golub Capital BDC
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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