Analysts Expect Barings BDC Inc (NYSE:BBDC) Will Announce Earnings of $0.16 Per Share
Brokerages expect that Barings BDC Inc (NYSE:BBDC) will announce earnings per share (EPS) of $0.16 for the current quarter, according to Zacks. Four analysts have made estimates for Barings BDC’s earnings, with estimates ranging from $0.15 to $0.17. Barings BDC reported earnings of ($0.59) per share in the same quarter last year, which indicates a positive year over year growth rate of 127.1%. The firm is scheduled to report its next quarterly earnings report on Thursday, November 14th.
According to Zacks, analysts expect that Barings BDC will report full year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.61 to $0.64. For the next fiscal year, analysts expect that the company will post earnings of $0.72 per share, with EPS estimates ranging from $0.67 to $0.77. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Barings BDC.
Barings BDC (NYSE:BBDC) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Barings BDC had a negative return on equity of 1.28% and a negative net margin of 152.61%. The company had revenue of $19.60 million for the quarter, compared to the consensus estimate of $19.89 million.
In other Barings BDC news, Director John Switzer acquired 3,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was purchased at an average cost of $9.88 per share, for a total transaction of $29,640.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.29% of the company’s stock.
Several large investors have recently made changes to their positions in BBDC. Bank of America Corp DE increased its holdings in shares of Barings BDC by 31.6% in the fourth quarter. Bank of America Corp DE now owns 59,289 shares of the company’s stock worth $535,000 after buying an additional 14,228 shares during the period. Sumitomo Mitsui Asset Management Company LTD bought a new position in Barings BDC during the 1st quarter worth approximately $439,000. Alphasimplex Group LLC purchased a new position in Barings BDC in the 1st quarter worth approximately $613,000. TCW Group Inc. increased its stake in Barings BDC by 162.9% in the 1st quarter. TCW Group Inc. now owns 67,836 shares of the company’s stock worth $665,000 after purchasing an additional 42,036 shares during the period. Finally, Relative Value Partners Group LLC increased its stake in Barings BDC by 5.5% in the 1st quarter. Relative Value Partners Group LLC now owns 966,962 shares of the company’s stock worth $9,486,000 after purchasing an additional 50,336 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
BBDC traded up $0.10 during trading on Wednesday, reaching $10.06. The stock had a trading volume of 154,100 shares, compared to its average volume of 181,370. The business has a 50-day moving average of $9.88 and a 200-day moving average of $9.92. Barings BDC has a one year low of $8.70 and a one year high of $10.37. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 1.08.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, September 10th. This is an increase from Barings BDC’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 5.57%.
About Barings BDC
Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.
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