Zacks: Brokerages Expect Barings BDC, Inc. (NYSE:BBDC) Will Announce Earnings of $0.24 Per Share

Wall Street analysts expect Barings BDC, Inc. (NYSE:BBDCGet Rating) to report earnings of $0.24 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Barings BDC’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.22. Barings BDC posted earnings of $0.22 per share in the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Barings BDC will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.94 to $0.97. For the next fiscal year, analysts forecast that the company will report earnings of $0.98 per share, with EPS estimates ranging from $0.97 to $1.00. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Barings BDC.

Barings BDC (NYSE:BBDCGet Rating) last posted its quarterly earnings results on Friday, May 6th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. Barings BDC had a return on equity of 8.55% and a net margin of 51.33%. During the same period in the previous year, the firm earned $0.22 EPS.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Barings BDC from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday. TheStreet cut Barings BDC from a “b-” rating to a “c” rating in a research report on Monday, April 4th. Finally, Wells Fargo & Company cut their target price on Barings BDC from $13.00 to $12.50 and set an “overweight” rating on the stock in a research report on Monday, April 25th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $11.85.

In related news, Director Stephen R. Byers purchased 16,035 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were purchased at an average price of $10.25 per share, with a total value of $164,358.75. Following the completion of the acquisition, the director now directly owns 16,035 shares in the company, valued at approximately $164,358.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.43% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. ERTS Wealth Advisors LLC purchased a new position in shares of Barings BDC during the 1st quarter worth approximately $535,000. Bard Associates Inc. lifted its holdings in Barings BDC by 10.6% in the first quarter. Bard Associates Inc. now owns 53,020 shares of the company’s stock valued at $548,000 after acquiring an additional 5,100 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Barings BDC by 10.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 354,759 shares of the company’s stock worth $3,668,000 after purchasing an additional 33,705 shares in the last quarter. Raymond James & Associates grew its stake in shares of Barings BDC by 22.7% during the 1st quarter. Raymond James & Associates now owns 293,743 shares of the company’s stock worth $3,037,000 after purchasing an additional 54,268 shares during the period. Finally, RFG Advisory LLC acquired a new position in shares of Barings BDC during the 1st quarter worth $447,000. 66.03% of the stock is currently owned by institutional investors.

Barings BDC stock opened at $10.28 on Monday. Barings BDC has a 1-year low of $9.83 and a 1-year high of $11.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market cap of $671.45 million, a PE ratio of 9.35 and a beta of 0.58. The stock’s fifty day moving average is $10.37 and its two-hundred day moving average is $10.77.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 8th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, June 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.34%. This is a positive change from Barings BDC’s previous quarterly dividend of $0.23. Barings BDC’s dividend payout ratio (DPR) is currently 83.64%.

Barings BDC Company Profile (Get Rating)

Barings BDC, Inc (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.

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Earnings History and Estimates for Barings BDC (NYSE:BBDC)

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