$84.05 Million in Sales Expected for Goldman Sachs BDC, Inc. (NYSE:GSBD) This Quarter

Brokerages expect that Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Rating) will announce $84.05 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Goldman Sachs BDC’s earnings. The lowest sales estimate is $82.46 million and the highest is $85.65 million. Goldman Sachs BDC reported sales of $83.90 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.2%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Goldman Sachs BDC will report full year sales of $340.23 million for the current year, with estimates ranging from $339.61 million to $340.85 million. For the next year, analysts anticipate that the firm will report sales of $379.52 million, with estimates ranging from $359.05 million to $399.99 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Goldman Sachs BDC.

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

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

Shares of GSBD opened at $18.25 on Friday. Goldman Sachs BDC has a 1-year low of $17.10 and a 1-year high of $20.65. The stock has a market cap of $1.86 billion, a PE ratio of 10.86 and a beta of 1.27. The firm has a 50-day simple moving average of $19.15 and a two-hundred day simple moving average of $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 company also recently declared a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Thursday, June 30th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.86%. The ex-dividend date of this dividend is Wednesday, June 29th. Goldman Sachs BDC’s dividend payout ratio (DPR) is 107.14%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Advisory LLC bought a new stake in shares of Goldman Sachs BDC during the 4th quarter worth about $28,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Goldman Sachs BDC during the fourth quarter valued at approximately $29,000. CWM LLC purchased a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $29,000. Lazard Asset Management LLC purchased a new position in Goldman Sachs BDC during the first quarter valued at approximately $29,000. Finally, Huntington National Bank purchased a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $44,000. 26.81% of the stock is owned by institutional investors and hedge funds.

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.

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