Zacks: Brokerages Expect Goldman Sachs BDC Inc (GSBD) Will Announce Earnings of $0.46 Per Share

Wall Street brokerages expect Goldman Sachs BDC Inc (NYSE:GSBD) to announce earnings of $0.46 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Goldman Sachs BDC’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.46. Goldman Sachs BDC reported earnings per share of $0.50 during the same quarter last year, which indicates a negative year over year growth rate of 8%. The company is expected to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Goldman Sachs BDC will report full year earnings of $1.97 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $2.06. For the next year, analysts anticipate that the business will report earnings of $1.98 per share, with EPS estimates ranging from $1.90 to $2.12. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Goldman Sachs BDC.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, February 28th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.50 by $0.06. The firm had revenue of $35.97 million for the quarter, compared to analyst estimates of $37.23 million. Goldman Sachs BDC had a return on equity of 12.08% and a net margin of 25.34%.

GSBD has been the subject of several recent analyst reports. Raymond James reissued an “outperform” rating and set a $22.00 target price (down previously from $23.00) on shares of Goldman Sachs BDC in a research note on Monday, May 13th. National Securities cut their target price on Goldman Sachs BDC from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, March 4th. TheStreet raised Goldman Sachs BDC from a “c+” rating to a “b-” rating in a research note on Thursday, February 21st. Citigroup cut their target price on Goldman Sachs BDC from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Finally, Zacks Investment Research cut Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Goldman Sachs BDC currently has a consensus rating of “Hold” and an average target price of $22.00.

Shares of NYSE GSBD traded up $0.29 during midday trading on Friday, hitting $19.74. The stock had a trading volume of 108,304 shares, compared to its average volume of 115,877. Goldman Sachs BDC has a 1 year low of $17.73 and a 1 year high of $22.75. The company has a market cap of $786.72 million, a PE ratio of 9.58, a price-to-earnings-growth ratio of 10.13 and a beta of 0.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.78.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.45 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.12%. Goldman Sachs BDC’s payout ratio is presently 87.38%.

In other news, insider Salvatore Lentini sold 30,809 shares of Goldman Sachs BDC stock in a transaction on Monday, March 4th. The stock was sold at an average price of $20.38, for a total value of $627,887.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC grew its stake in shares of Goldman Sachs BDC by 5.1% in the first quarter. IHT Wealth Management LLC now owns 22,920 shares of the financial services provider’s stock valued at $471,000 after buying an additional 1,114 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Goldman Sachs BDC by 5.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,169 shares of the financial services provider’s stock valued at $374,000 after buying an additional 886 shares in the last quarter. New England Asset Management Inc. grew its stake in shares of Goldman Sachs BDC by 2.3% in the first quarter. New England Asset Management Inc. now owns 55,491 shares of the financial services provider’s stock valued at $1,140,000 after buying an additional 1,273 shares in the last quarter. Lucia Wealth Services LLC acquired a new stake in shares of Goldman Sachs BDC in the first quarter valued at $41,000. Finally, Glovista Investments LLC acquired a new stake in shares of Goldman Sachs BDC in the first quarter valued at $295,000. 35.35% of the stock is owned by institutional investors and hedge funds.

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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