Barings Bdc (NYSE:BBDC) Announces Earnings Results, Misses Expectations By $0.02 EPS

Barings Bdc (NYSE:BBDC) posted its earnings results on Thursday. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02), FiscalAI reports. The firm had revenue of $64.29 million for the quarter, compared to analysts’ expectations of $63.54 million. Barings Bdc had a net margin of 32.73% and a return on equity of 10.07%. During the same period in the previous year, the company earned $0.22 EPS.

Barings Bdc Stock Down 0.8%

Shares of BBDC traded down $0.07 during mid-day trading on Friday, hitting $8.67. 676,354 shares of the company traded hands, compared to its average volume of 536,449. The company has a market capitalization of $908.15 million, a PE ratio of 10.20 and a beta of 0.65. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $8.68 and a 200 day moving average of $8.67. Barings Bdc has a 1-year low of $7.96 and a 1-year high of $9.53.

Barings Bdc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Wednesday, December 2nd will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $1.04 annualized dividend and a dividend yield of 12.0%. Barings Bdc’s dividend payout ratio is 125.30%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Raymond James Financial set a $9.00 price target on shares of Barings Bdc in a report on Thursday, October 22nd. Zacks Research lowered Barings Bdc from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings cut Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Finally, Wells Fargo & Company raised their price objective on Barings Bdc from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.50.

More Barings Bdc News

Here are the key news stories impacting Barings Bdc this week:

• Positive Sentiment: Barings BDC declared a quarterly cash dividend of $0.26 per share, payable December 9, equivalent to $1.04 annually and an indicated yield of about 11.8%. The payout may appeal to income-focused investors. Barings BDC Q3 results and dividend
• Positive Sentiment: Management outlined a plan to bring leverage to 1.15x–1.16x in Q4, alongside a $400 million CLO refinancing. Lower leverage could strengthen the balance sheet and improve financial flexibility. Leverage plan and CLO refinancing
• Neutral Sentiment: Quarterly revenue of $64.29 million exceeded the cited consensus estimate of $63.54 million, offering a partial offset to the earnings shortfall. Q3 earnings results
• Negative Sentiment: Reported EPS of $0.24 missed the $0.26 consensus estimate. The earnings disappointment is a near-term headwind, particularly for investors assessing whether income can comfortably support the dividend. Q3 earnings estimate comparison

About Barings Bdc

Barings BDC, Inc (NYSE:BBDC) is a business development company that provides financing to privately owned, middle-market businesses. The company seeks to support companies across a range of industries by investing in their debt and equity securities.

Barings BDC primarily invests in senior secured loans, including first-lien and second-lien debt, as well as subordinated debt and selected equity investments. Its portfolio companies are generally based in the United States and may use the financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.

The company was formerly known as Triangle Capital Corporation and adopted the Barings BDC name following a change in its investment management arrangements.