Brokerages predict that Goldman Sachs BDC Inc (NYSE:GSBD) will announce earnings of $0.47 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Goldman Sachs BDC’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.48. Goldman Sachs BDC reported earnings of $0.64 per share during the same quarter last year, which would indicate a negative year over year growth rate of 26.6%. The business is expected to announce its next earnings results on Thursday, November 1st.
On average, analysts expect that Goldman Sachs BDC will report full-year earnings of $1.99 per share for the current year, with EPS estimates ranging from $1.89 to $2.07. For the next fiscal year, analysts anticipate that the business will report earnings of $2.07 per share, with EPS estimates ranging from $1.88 to $2.27. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Goldman Sachs BDC.
Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, August 2nd. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Goldman Sachs BDC had a return on equity of 10.19% and a net margin of 46.91%. The company had revenue of $37.20 million during the quarter, compared to analyst estimates of $36.04 million. During the same quarter in the previous year, the company posted $0.64 EPS. Goldman Sachs BDC’s revenue for the quarter was up 3.3% on a year-over-year basis.
A number of equities research analysts have recently weighed in on GSBD shares. Zacks Investment Research raised Goldman Sachs BDC from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, September 11th. National Securities reaffirmed a “buy” rating and set a $23.00 price target on shares of Goldman Sachs BDC in a research report on Monday, August 6th. Finally, ValuEngine raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stelac Advisory Services LLC purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $123,000. Great West Life Assurance Co. Can purchased a new position in shares of Goldman Sachs BDC during the 1st quarter worth approximately $204,000. US Bancorp DE purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $240,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $247,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $427,000. 34.27% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE GSBD traded down $0.13 during midday trading on Friday, reaching $21.91. The company had a trading volume of 69,558 shares, compared to its average volume of 66,972. Goldman Sachs BDC has a one year low of $18.78 and a one year high of $23.10. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.69. The firm has a market cap of $879.49 million, a PE ratio of 10.58, a price-to-earnings-growth ratio of 5.51 and a beta of 0.80.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date of this dividend is Thursday, September 27th. Goldman Sachs BDC’s payout ratio is 86.96%.
About Goldman Sachs BDC
Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.
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