Zacks: Brokerages Anticipate Goldman Sachs BDC Inc (NYSE:GSBD) Will Post Earnings of $0.47 Per Share

Brokerages expect Goldman Sachs BDC Inc (NYSE:GSBD) to announce earnings of $0.47 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Goldman Sachs BDC’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.46. Goldman Sachs BDC reported earnings per share of $0.53 in the same quarter last year, which would suggest a negative year over year growth rate of 11.3%. The company is scheduled to issue its next quarterly earnings results after the market closes on Thursday, November 7th.

According to Zacks, analysts expect that Goldman Sachs BDC will report full year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $1.97 to $2.02. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.97 per share, with EPS estimates ranging from $1.90 to $2.06. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Goldman Sachs BDC.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $38.40 million for the quarter, compared to analyst estimates of $37.76 million. Goldman Sachs BDC had a net margin of 24.25% and a return on equity of 12.07%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 EPS.

Several brokerages have issued reports on GSBD. ValuEngine raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Friday, October 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $21.40.

NYSE GSBD traded up $0.14 during trading hours on Wednesday, reaching $20.64. 228,968 shares of the company’s stock traded hands, compared to its average volume of 118,813. Goldman Sachs BDC has a 52-week low of $17.73 and a 52-week high of $22.49. The firm has a market cap of $821.28 million, a PE ratio of 10.02, a PEG ratio of 10.23 and a beta of 0.99. The firm has a 50-day simple moving average of $20.07 and a 200 day simple moving average of $20.02. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.02 and a quick ratio of 1.02.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.72%. The ex-dividend date of this dividend was Friday, September 27th. Goldman Sachs BDC’s payout ratio is 87.38%.

Several large investors have recently added to or reduced their stakes in GSBD. Commonwealth Equity Services LLC bought a new stake in shares of Goldman Sachs BDC in the 2nd quarter valued at about $252,000. Jag Capital Management LLC purchased a new position in shares of Goldman Sachs BDC in the 2nd quarter valued at approximately $969,000. Monument Capital Management raised its position in shares of Goldman Sachs BDC by 3.7% in the 2nd quarter. Monument Capital Management now owns 59,231 shares of the financial services provider’s stock valued at $1,164,000 after purchasing an additional 2,088 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Goldman Sachs BDC by 10.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 33,795 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 3,113 shares during the last quarter. Finally, Greenwich Investment Management Inc. raised its position in shares of Goldman Sachs BDC by 28.0% in the 2nd quarter. Greenwich Investment Management Inc. now owns 121,470 shares of the financial services provider’s stock valued at $2,389,000 after purchasing an additional 26,595 shares during the last quarter. Institutional investors and hedge funds own 35.15% of the company’s stock.

About Goldman Sachs BDC

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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