Brokerages forecast that Barings BDC Inc (NYSE:BBDC) will report earnings per share of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Barings BDC’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.15. Barings BDC posted earnings per share of $0.16 during the same quarter last year, which suggests a negative year over year growth rate of 6.3%. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, November 3rd.
According to Zacks, analysts expect that Barings BDC will report full year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.57 to $0.60. For the next fiscal year, analysts forecast that the company will report earnings of $0.66 per share, with EPS estimates ranging from $0.55 to $0.77. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Barings BDC.
Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The business had revenue of $16.14 million during the quarter, compared to analyst estimates of $17.52 million. Barings BDC had a negative net margin of 57.90% and a positive return on equity of 5.58%.
A number of equities analysts have recently commented on BBDC shares. TheStreet raised shares of Barings BDC from a “d+” rating to a “c” rating in a report on Monday, August 24th. Keefe, Bruyette & Woods raised shares of Barings BDC from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $9.00 to $10.00 in a report on Monday, August 17th. Finally, Raymond James raised shares of Barings BDC from an “outperform” rating to a “strong-buy” rating and set a $9.50 price target for the company in a report on Wednesday, June 24th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Barings BDC has a consensus rating of “Buy” and a consensus target price of $8.88.
Shares of NYSE:BBDC traded up $0.07 during midday trading on Friday, reaching $8.26. 108,294 shares of the company’s stock were exchanged, compared to its average volume of 90,796. The company’s 50 day simple moving average is $8.14 and its two-hundred day simple moving average is $7.51. The firm has a market capitalization of $396.15 million, a PE ratio of -9.83 and a beta of 0.57. Barings BDC has a 12 month low of $4.67 and a 12 month high of $10.59. The company has a debt-to-equity ratio of 1.16, a quick ratio of 5.96 and a current ratio of 5.96.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 9th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend was Tuesday, September 8th. Barings BDC’s dividend payout ratio is presently 104.92%.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new position in Barings BDC during the first quarter valued at approximately $324,000. Morgan Stanley grew its holdings in Barings BDC by 11.9% during the first quarter. Morgan Stanley now owns 86,515 shares of the company’s stock valued at $646,000 after purchasing an additional 9,200 shares during the period. Citigroup Inc. grew its holdings in Barings BDC by 96.9% during the first quarter. Citigroup Inc. now owns 15,267 shares of the company’s stock valued at $114,000 after purchasing an additional 7,514 shares during the period. Clearbridge Investments LLC grew its holdings in Barings BDC by 39.9% during the first quarter. Clearbridge Investments LLC now owns 472,850 shares of the company’s stock valued at $3,537,000 after purchasing an additional 134,850 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new position in Barings BDC during the first quarter valued at approximately $252,000. 73.81% of the stock is owned by institutional investors.
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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