Zacks: Brokerages Expect Goldman Sachs BDC, Inc. (GSBD) Will Post Earnings of $0.47 Per Share
Wall Street analysts expect that Goldman Sachs BDC, Inc. (NYSE:GSBD) will report $0.47 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Goldman Sachs BDC’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.45. Goldman Sachs BDC reported earnings of $0.50 per share in the same quarter last year, which would indicate a negative year over year growth rate of 6%. The firm is scheduled to issue its next earnings results on Tuesday, February 27th.
On average, analysts expect that Goldman Sachs BDC will report full-year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.09. For the next fiscal year, analysts expect that the business will report earnings of $1.95 per share, with EPS estimates ranging from $1.86 to $2.12. Zacks’ EPS averages are an average based on a survey of analysts that follow Goldman Sachs BDC.
Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $34.40 million for the quarter, compared to analysts’ expectations of $33.56 million. Goldman Sachs BDC had a return on equity of 11.34% and a net margin of 32.19%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS.
Large investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its holdings in Goldman Sachs BDC by 4.9% in the second quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock valued at $103,000 after buying an additional 211 shares during the last quarter. US Bancorp DE purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $142,000. Global X MANAGEMENT CO LLC increased its stake in shares of Goldman Sachs BDC by 49.5% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 8,384 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 2,776 shares in the last quarter. Advisors Capital Management LLC purchased a new position in shares of Goldman Sachs BDC during the 3rd quarter worth approximately $202,000. Finally, Palisade Capital Management LLC NJ purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $203,000. 36.47% of the stock is currently owned by hedge funds and other institutional investors.
Goldman Sachs BDC (NYSE:GSBD) opened at $22.02 on Tuesday. The firm has a market capitalization of $890.10, a P/E ratio of 10.56, a PEG ratio of 2.15 and a beta of 0.84. Goldman Sachs BDC has a twelve month low of $21.00 and a twelve month high of $25.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date of this dividend is Thursday, December 28th. Goldman Sachs BDC’s dividend payout ratio is currently 160.71%.
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About Goldman Sachs BDC
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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