Barings BDC (BBDC) Set to Announce Quarterly Earnings on Tuesday

Barings BDC (NYSE:BBDC) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Barings BDC (NYSE:BBDC) last posted its earnings results on Friday, February 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Barings BDC had a net margin of 44.26% and a return on equity of 10.63%. The business had revenue of $75.85 million for the quarter, compared to analyst estimates of $71.25 million. During the same period last year, the business posted $0.34 EPS. On average, analysts expect Barings BDC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Barings BDC Stock Up 0.4 %

Shares of BBDC stock opened at $9.47 on Monday. The firm has a market cap of $1.00 billion, a PE ratio of 7.96 and a beta of 0.63. Barings BDC has a 12 month low of $6.96 and a 12 month high of $9.89. The stock has a 50 day moving average of $9.35 and a 200-day moving average of $9.06. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.60.

Barings BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, March 6th were issued a $0.26 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.98%. Barings BDC’s payout ratio is presently 87.39%.

Analyst Ratings Changes

Separately, Wells Fargo & Company boosted their price objective on shares of Barings BDC from $8.50 to $8.75 and gave the stock an “equal weight” rating in a research report on Monday, January 29th.

Barings BDC Company Profile

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.