Barings BDC (BBDC) Set to Announce Earnings on Wednesday

Barings BDC (NYSE:BBDC) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Barings BDC (NYSE:BBDC) last released its earnings results on Wednesday, August 7th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. The firm had revenue of $74.89 million during the quarter, compared to analyst estimates of $70.75 million. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. During the same quarter in the previous year, the business earned $0.31 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 Performance

BBDC stock opened at $9.41 on Tuesday. Barings BDC has a twelve month low of $8.55 and a twelve month high of $10.27. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The company has a market cap of $993.32 million, a P/E ratio of 9.05 and a beta of 0.67. The business’s fifty day moving average is $9.81 and its 200-day moving average is $9.80.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, September 4th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 11.05%. The ex-dividend date was Wednesday, September 4th. Barings BDC’s payout ratio is 100.00%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased their price target on Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Friday, July 26th.

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.