Palmer Square Capital BDC (NYSE:PSBD – Get Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect Palmer Square Capital BDC to post earnings of $0.49 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Palmer Square Capital BDC (NYSE:PSBD – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). The company had revenue of $36.55 million during the quarter, compared to analysts’ expectations of $36.27 million. Palmer Square Capital BDC had a return on equity of 16.13% and a net margin of 64.65%. On average, analysts expect Palmer Square Capital BDC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Palmer Square Capital BDC Stock Performance
NYSE PSBD opened at $15.93 on Monday. Palmer Square Capital BDC has a 1 year low of $15.27 and a 1 year high of $17.12. The stock’s 50-day moving average price is $16.18 and its two-hundred day moving average price is $16.36.
Palmer Square Capital BDC Announces Dividend
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of Palmer Square Capital BDC in a research report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.93.
Get Our Latest Report on Palmer Square Capital BDC
Palmer Square Capital BDC Company Profile
Palmer Square Capital BDC Inc is an externally managed, non-diversified closed-end management investment company which primarily lends to and invests in corporate debt securities, including small to large private U.S. companies and has elected to be regulated as a business development company. Palmer Square Capital BDC Inc is based in MISSION WOODS, Kan.
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