Goldman Sachs BDC, Inc. (NYSE:GSBD) Expected to Announce Earnings of $0.50 Per Share

Brokerages predict that Goldman Sachs BDC, Inc. (NYSE:GSBDGet Rating) will post $0.50 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Goldman Sachs BDC’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.49. Goldman Sachs BDC posted earnings of $0.57 per share during the same quarter last year, which would indicate a negative year over year growth rate of 12.3%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Goldman Sachs BDC will report full-year earnings of $1.99 per share for the current financial year, with EPS estimates ranging from $1.97 to $2.01. For the next year, analysts forecast that the company will post earnings of $1.96 per share, with EPS estimates ranging from $1.86 to $2.05. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Goldman Sachs BDC.

Goldman Sachs BDC (NYSE:GSBDGet Rating) last issued its earnings results on Thursday, February 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter. Goldman Sachs BDC had a return on equity of 13.69% and a net margin of 50.23%. The business had revenue of $83.76 million during the quarter.

Several research firms have commented on GSBD. Wells Fargo & Company cut their price objective on Goldman Sachs BDC from $19.50 to $18.50 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. TheStreet downgraded Goldman Sachs BDC from a “b-” rating to a “c” rating in a research report on Thursday, May 19th. Truist Financial dropped their price target on Goldman Sachs BDC to $18.00 in a report on Friday, May 20th. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Friday, May 20th. Finally, Zacks Investment Research raised shares of Goldman Sachs BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, May 11th.

NYSE:GSBD traded up $0.26 during trading hours on Friday, reaching $18.25. 426,713 shares of the company traded hands, compared to its average volume of 523,861. Goldman Sachs BDC has a 1-year low of $17.10 and a 1-year high of $20.65. The firm’s 50-day moving average is $19.18 and its 200-day moving average is $19.37. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market cap of $1.86 billion, a P/E ratio of 10.86 and a beta of 1.27.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Thursday, June 30th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $1.80 annualized dividend and a yield of 9.86%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 107.14%.

A number of institutional investors and hedge funds have recently bought and sold shares of GSBD. Icapital Wealth LLC acquired a new stake in Goldman Sachs BDC in the first quarter worth $13,697,000. BlackRock Inc. raised its holdings in shares of Goldman Sachs BDC by 139.2% during the first quarter. BlackRock Inc. now owns 676,501 shares of the financial services provider’s stock worth $13,266,000 after acquiring an additional 393,739 shares during the period. Millennium Management LLC raised its holdings in shares of Goldman Sachs BDC by 146.0% during the third quarter. Millennium Management LLC now owns 632,173 shares of the financial services provider’s stock worth $11,600,000 after acquiring an additional 375,182 shares during the period. Raymond James & Associates raised its holdings in shares of Goldman Sachs BDC by 40.9% during the first quarter. Raymond James & Associates now owns 1,226,874 shares of the financial services provider’s stock worth $24,059,000 after acquiring an additional 356,362 shares during the period. Finally, Greenwich Investment Management Inc. acquired a new stake in shares of Goldman Sachs BDC during the fourth quarter worth $5,028,000. Institutional investors own 26.81% of the company’s stock.

Goldman Sachs BDC Company Profile (Get Rating)

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.

Recommended Stories

Get a free copy of the Zacks research report on Goldman Sachs BDC (GSBD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Goldman Sachs BDC (NYSE:GSBD)

Receive News & Ratings for Goldman Sachs BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs BDC and related companies with MarketBeat.com's FREE daily email newsletter.