Brokerages expect Barings BDC Inc (NYSE:BBDC) to post sales of $8.27 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Barings BDC’s earnings, with the lowest sales estimate coming in at $6.63 million and the highest estimate coming in at $9.90 million. Barings BDC posted sales of $29.89 million in the same quarter last year, which suggests a negative year over year growth rate of 72.3%. The firm is scheduled to announce its next earnings results before the market opens on Friday, November 9th.
On average, analysts expect that Barings BDC will report full year sales of $71.87 million for the current financial year, with estimates ranging from $66.61 million to $77.13 million. For the next financial year, analysts anticipate that the firm will post sales of $87.09 million, with estimates ranging from $58.94 million to $115.24 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Barings BDC.
A number of equities research analysts have commented on the company. ValuEngine upgraded Barings BDC from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. Raymond James upgraded Barings BDC from an “underperform” rating to an “outperform” rating in a report on Tuesday, September 11th. Finally, National Securities reiterated a “neutral” rating and set a $13.00 target price on shares of Barings BDC in a report on Monday, August 6th.
BBDC opened at $10.02 on Friday. The company has a market capitalization of $561.30 million, a P/E ratio of 6.46 and a beta of 0.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 60.99 and a current ratio of 60.99. Barings BDC has a 1-year low of $8.91 and a 1-year high of $12.50.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 14th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from Barings BDC’s previous quarterly dividend of $0.03. Barings BDC’s dividend payout ratio is 7.74%.
Barings BDC Company Profile
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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