Golub Capital BDC (NASDAQ:GBDC) Releases Q2 Earnings Guidance

Golub Capital BDC (NASDAQ:GBDC) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.50-$0.52 for the period, compared to the consensus earnings per share estimate of $0.51. Golub Capital BDC also updated its Q2 2024 guidance to 0.500-0.520 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GBDC. StockNews.com cut shares of Golub Capital BDC from a buy rating to a hold rating in a research note on Friday, March 29th. Raymond James upped their target price on shares of Golub Capital BDC from $16.00 to $16.50 and gave the stock an outperform rating in a research report on Tuesday, January 23rd. Bank of America upgraded Golub Capital BDC from a neutral rating to a buy rating and set a $17.00 price target on the stock in a research report on Monday, March 25th. Finally, Wells Fargo & Company increased their target price on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an equal weight rating in a report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $16.40.

Golub Capital BDC Stock Up 0.6 %

Shares of NASDAQ GBDC opened at $17.21 on Wednesday. The firm’s fifty day moving average is $16.13 and its 200 day moving average is $15.37. Golub Capital BDC has a 52 week low of $12.77 and a 52 week high of $17.27. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.20. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 9.46 and a beta of 0.57.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, February 5th. The investment management company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. The business had revenue of $164.77 million during the quarter, compared to analysts’ expectations of $160.93 million. On average, equities research analysts expect that Golub Capital BDC will post 1.95 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 2nd will be given a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.56 annualized dividend and a dividend yield of 9.06%. Golub Capital BDC’s dividend payout ratio is 85.71%.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.