Barings BDC (NYSE:BBDC) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Posted by Maurice Goldstein on Nov 8th, 2024

Barings BDC (NYSE:BBDC – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01), Briefing.com reports. The firm had revenue of $70.85 million for the quarter, compared to the consensus estimate of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.22%. During the same period in the previous year, the company posted $0.31 earnings per share.

Barings BDC Trading Down 0.4 %

Shares of BBDC stock traded down $0.04 on Friday, reaching $9.75. 53,848 shares of the company’s stock were exchanged, compared to its average volume of 422,121. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $9.79 and its 200 day simple moving average is $9.81. Barings BDC has a 52 week low of $8.55 and a 52 week high of $10.27. The stock has a market capitalization of $1.03 billion, a PE ratio of 9.07 and a beta of 0.67.

Barings BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.67%. The ex-dividend date is Wednesday, December 4th. Barings BDC’s dividend payout ratio is currently 96.30%.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on Barings BDC

About Barings BDC

(Get Free Report)

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.