Wall Street brokerages forecast that Barings BDC Inc (NYSE:BBDC) will report earnings of $0.16 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Barings BDC’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.18. Barings BDC posted earnings per share of $0.21 in the same quarter last year, which suggests a negative year-over-year growth rate of 23.8%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, July 31st.
On average, analysts expect that Barings BDC will report full-year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.63 to $0.72. For the next year, analysts anticipate that the business will post earnings of $0.79 per share, with EPS estimates ranging from $0.73 to $0.91. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Barings BDC.
Barings BDC (NYSE:BBDC) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Barings BDC had a negative return on equity of 0.80% and a negative net margin of 131.87%. The company had revenue of $18.34 million for the quarter, compared to analysts’ expectations of $18.02 million.
A number of research firms have recently commented on BBDC. National Securities reaffirmed a “buy” rating and set a $13.00 target price on shares of Barings BDC in a research note on Monday, May 13th. Zacks Investment Research raised Barings BDC from a “strong sell” rating to a “hold” rating in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $11.20.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BBDC. Raymond James & Associates increased its position in shares of Barings BDC by 2.1% in the fourth quarter. Raymond James & Associates now owns 60,886 shares of the company’s stock worth $549,000 after purchasing an additional 1,240 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Barings BDC by 10.6% in the fourth quarter. Great West Life Assurance Co. Can now owns 16,777 shares of the company’s stock worth $146,000 after purchasing an additional 1,602 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Barings BDC in the fourth quarter worth $460,000. Two Sigma Advisers LP bought a new position in shares of Barings BDC in the fourth quarter worth $858,000. Finally, Bank of America Corp DE increased its position 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 purchasing an additional 14,228 shares during the period. 40.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE BBDC opened at $9.93 on Friday. The stock’s 50 day moving average is $9.93. The company has a current ratio of 22.46, a quick ratio of 22.46 and a debt-to-equity ratio of 1.06. Barings BDC has a 1-year low of $8.70 and a 1-year high of $12.39.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 12th were paid a dividend of $0.13 per share. This is a boost from Barings BDC’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.24%.
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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