Goldman Sachs BDC (GSBD) Set to Announce Quarterly Earnings on Thursday

Goldman Sachs BDC (NYSE:GSBD) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect Goldman Sachs BDC to post earnings of $0.56 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. The company had revenue of $108.62 million during the quarter, compared to analyst estimates of $112.07 million. On average, analysts expect Goldman Sachs BDC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD opened at $12.85 on Wednesday. The company has a market capitalization of $1.50 billion, a P/E ratio of 15.19 and a beta of 1.07. Goldman Sachs BDC has a 1-year low of $12.76 and a 1-year high of $15.94. The firm’s 50 day simple moving average is $13.85 and its two-hundred day simple moving average is $14.69. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, September 30th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.01%. The ex-dividend date was Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio (DPR) is 211.76%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Truist Financial cut their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a report on Monday, August 12th. Finally, Wells Fargo & Company raised shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $14.00 to $12.00 in a report on Monday, August 12th.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.