Palmer Square Capital BDC (PSBD) to Release Quarterly Earnings on Tuesday

Palmer Square Capital BDC (NYSE:PSBD) is scheduled to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Palmer Square Capital BDC (NYSE:PSBD) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $29.82 million for the quarter, compared to analysts’ expectations of $29.78 million. Palmer Square Capital BDC had a net margin of 96.09% and a return on equity of 23.31%. On average, analysts expect Palmer Square Capital BDC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Palmer Square Capital BDC Trading Up 0.5 %

Shares of Palmer Square Capital BDC stock opened at $16.51 on Tuesday. The stock has a 50-day moving average price of $16.35. Palmer Square Capital BDC has a 1 year low of $15.27 and a 1 year high of $17.12.

Palmer Square Capital BDC Dividend Announcement

The company also recently declared a — dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 28th were paid a $0.07 dividend. This represents a yield of 3.42%. The ex-dividend date was Wednesday, March 27th.

Analysts Set New Price Targets

PSBD has been the topic of a number of analyst reports. Janney Montgomery Scott initiated coverage on shares of Palmer Square Capital BDC in a research note on Monday, April 22nd. They issued a “neutral” rating and a $17.50 price target on the stock. Royal Bank of Canada initiated coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued an “outperform” rating and a $17.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued an “overweight” rating and a $17.00 price target on the stock. Oppenheimer initiated coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They set an “outperform” rating and a $17.00 target price on the stock. Finally, Bank of America initiated coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They set a “neutral” rating and a $16.50 target price on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.93.

About Palmer Square Capital BDC

Palmer Square Capital BDC Inc is an externally managed, non-diversified closed-end management investment company which primarily lends to and invests in corporate debt securities, including small to large private U.S. companies and has elected to be regulated as a business development company. Palmer Square Capital BDC Inc is based in MISSION WOODS, Kan.