Golub Capital BDC, Inc. (NASDAQ:GBDC) Expected to Announce Quarterly Sales of $92.16 Million

Brokerages expect Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Rating) to report sales of $92.16 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Golub Capital BDC’s earnings, with estimates ranging from $86.51 million to $97.81 million. Golub Capital BDC posted sales of $76.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 20.9%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Golub Capital BDC will report full-year sales of $368.37 million for the current year, with estimates ranging from $352.40 million to $384.34 million. For the next financial year, analysts forecast that the company will report sales of $410.70 million, with estimates ranging from $404.26 million to $417.13 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Golub Capital BDC.

Golub Capital BDC (NASDAQ:GBDC – Get Rating) last issued its quarterly earnings data on Wednesday, February 9th. The investment management company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. The company had revenue of $86.57 million during the quarter, compared to analysts’ expectations of $90.14 million. Golub Capital BDC had a return on equity of 7.82% and a net margin of 96.64%. During the same period last year, the business earned $0.29 earnings per share.

Several analysts recently weighed in on GBDC shares. Wells Fargo & Company upped their price objective on Golub Capital BDC from $17.00 to $17.50 and gave the stock an “overweight” rating in a research report on Monday, April 25th. Zacks Investment Research cut Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Finally, StockNews.com started coverage on Golub Capital BDC in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Golub Capital BDC has an average rating of “Buy” and a consensus target price of $17.17.

NASDAQ GBDC opened at $14.92 on Monday. Golub Capital BDC has a 52 week low of $14.57 and a 52 week high of $16.23. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 8.15 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 7.49 and a current ratio of 7.49. The stock’s 50 day moving average price is $15.23 and its two-hundred day moving average price is $15.41.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 29th. Shareholders of record on Friday, March 4th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, March 3rd. This represents a $1.20 annualized dividend and a yield of 8.04%. Golub Capital BDC’s payout ratio is currently 65.57%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management acquired a new stake in Golub Capital BDC in the 4th quarter valued at approximately $28,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Golub Capital BDC during the 4th quarter worth $28,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Golub Capital BDC during the 4th quarter worth $35,000. Neo Ivy Capital Management purchased a new stake in Golub Capital BDC in the fourth quarter valued at $36,000. Finally, Capital Advisory Group Advisory Services LLC purchased a new stake in Golub Capital BDC in the first quarter valued at $43,000. 43.67% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Company Profile (Get Rating)

Golub Capital BDC, Inc (GBDC) 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.

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