Golub Capital BDC (NASDAQ:GBDC) Releases Q2 Earnings Guidance

Golub Capital BDC (NASDAQ:GBDC) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.50-$0.52 for the period, compared to the consensus estimate of $0.51. Golub Capital BDC also updated its Q2 2024 guidance to 0.500-0.520 EPS.

Golub Capital BDC Trading Up 1.8 %

Golub Capital BDC stock opened at $17.11 on Tuesday. The company has a 50 day moving average price of $16.13 and a 200 day moving average price of $15.37. Golub Capital BDC has a 52 week low of $12.77 and a 52 week high of $17.16. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 9.40 and a beta of 0.57.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, February 5th. The investment management company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. The firm had revenue of $164.77 million during the quarter, compared to analyst estimates of $160.93 million. Research analysts forecast that Golub Capital BDC will post 1.95 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were paid a $0.07 dividend. The ex-dividend date was Wednesday, February 14th. Golub Capital BDC’s dividend payout ratio is 85.71%.

Analyst Ratings Changes

GBDC has been the subject of a number of research reports. Raymond James lifted their target price on shares of Golub Capital BDC from $16.00 to $16.50 and gave the company an outperform rating in a research note on Tuesday, January 23rd. StockNews.com lowered shares of Golub Capital BDC from a buy rating to a hold rating in a research note on Friday, March 29th. Bank of America raised shares of Golub Capital BDC from a neutral rating to a buy rating and set a $17.00 target price for the company in a research note on Monday, March 25th. Finally, Wells Fargo & Company lifted their target price on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an equal weight rating in a research note on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $16.40.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.