Wall Street brokerages expect that Goldman Sachs BDC Inc (NYSE:GSBD) will report sales of $35.97 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Goldman Sachs BDC’s earnings, with the lowest sales estimate coming in at $35.05 million and the highest estimate coming in at $36.85 million. Goldman Sachs BDC reported sales of $32.19 million in the same quarter last year, which indicates a positive year over year growth rate of 11.7%. The firm is expected to announce its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Goldman Sachs BDC will report full year sales of $35.97 million for the current year, with estimates ranging from $150.00 million to $154.19 million. For the next fiscal year, analysts anticipate that the firm will post sales of $164.08 million per share, with estimates ranging from $160.19 million to $166.06 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Goldman Sachs BDC.
Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. The company had revenue of $34.20 million for the quarter, compared to analyst estimates of $34.62 million. Goldman Sachs BDC had a net margin of 36.22% and a return on equity of 11.22%. During the same period in the prior year, the firm earned $0.50 earnings per share.
A number of analysts have issued reports on GSBD shares. Zacks Investment Research lowered shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 3rd. Bank of America cut their price target on shares of Goldman Sachs BDC from $21.50 to $20.00 and set an “underperform” rating on the stock in a research note on Monday, February 26th. National Securities reiterated a “neutral” rating and set a $22.00 price target on shares of Goldman Sachs BDC in a research note on Monday, February 26th. Finally, TheStreet lowered shares of Goldman Sachs BDC from a “b” rating to a “c+” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.00.
Large investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $104,000. Jane Street Group LLC acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $225,000. MML Investors Services LLC acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $268,000. Pinebridge Investments L.P. grew its position in shares of Goldman Sachs BDC by 40.4% during the third quarter. Pinebridge Investments L.P. now owns 13,968 shares of the financial services provider’s stock worth $318,000 after buying an additional 4,022 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Goldman Sachs BDC by 41.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,083 shares of the financial services provider’s stock worth $468,000 after buying an additional 6,226 shares in the last quarter. Institutional investors own 35.33% of the company’s stock.
NYSE:GSBD traded down $0.11 on Friday, reaching $19.02. 333,232 shares of the company’s stock were exchanged, compared to its average volume of 149,620. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $768.16, a PE ratio of 9.11, a price-to-earnings-growth ratio of 2.00 and a beta of 0.76. Goldman Sachs BDC has a 52-week low of $18.78 and a 52-week high of $25.40.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.80 dividend on an annualized basis and a yield of 9.46%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 86.96%.
Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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