Golub Capital BDC Inc (GBDC) Expected to Announce Quarterly Sales of $37.99 Million

Brokerages expect that Golub Capital BDC Inc (NASDAQ:GBDC) will report sales of $37.99 million for the current quarter, according to Zacks. Three analysts have provided estimates for Golub Capital BDC’s earnings, with the lowest sales estimate coming in at $36.35 million and the highest estimate coming in at $39.25 million. Golub Capital BDC posted sales of $34.95 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The business is expected to report its next earnings report after the market closes on Wednesday, November 28th.

According to Zacks, analysts expect that Golub Capital BDC will report full-year sales of $149.70 million for the current year, with estimates ranging from $148.00 million to $150.99 million. For the next financial year, analysts forecast that the business will post sales of $161.89 million, with estimates ranging from $156.58 million to $172.09 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Golub Capital BDC.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Wednesday, August 8th. The investment management company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). Golub Capital BDC had a net margin of 60.34% and a return on equity of 7.92%. The business had revenue of $38.40 million for the quarter, compared to analyst estimates of $36.81 million. During the same period in the prior year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis.

Several research analysts recently issued reports on GBDC shares. BidaskClub raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, October 10th. Finally, National Securities reaffirmed a “buy” rating and set a $21.00 target price on shares of Golub Capital BDC in a research report on Monday, August 13th.

Shares of NASDAQ:GBDC opened at $19.01 on Friday. Golub Capital BDC has a 1 year low of $17.35 and a 1 year high of $19.89. The stock has a market cap of $1.12 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 7.20 and a beta of 0.57. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.90.

A number of large investors have recently made changes to their positions in GBDC. Sei Investments Co. increased its holdings in shares of 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. TCW Group Inc. increased its holdings in shares of Golub Capital BDC by 14.5% in the second quarter. TCW Group Inc. now owns 31,500 shares of the investment management company’s stock valued at $576,000 after purchasing an additional 4,000 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of 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. Cliffwater LLC increased its holdings in shares of Golub Capital BDC by 2.3% in the second quarter. Cliffwater LLC now owns 233,585 shares of the investment management company’s stock valued at $4,275,000 after purchasing an additional 5,156 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Golub Capital BDC by 8.6% in the second quarter. Commonwealth Equity Services LLC now owns 90,967 shares of the investment management company’s stock valued at $1,665,000 after purchasing an additional 7,238 shares during the period. 36.67% of the stock is currently owned by institutional investors.

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.

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