Golub Capital BDC (NASDAQ:GBDC) Releases Q2 2024 Earnings Guidance

Golub Capital BDC (NASDAQ:GBDC) updated its second quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of 0.500-0.520 for the period, compared to the consensus earnings per share estimate of 0.510. The company issued revenue guidance of -. Golub Capital BDC also updated its Q2 guidance to $0.50-$0.52 EPS.

Wall Street Analysts Forecast Growth

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

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $17.21 on Wednesday. The company’s fifty day simple moving average is $16.13 and its 200-day simple moving average is $15.37. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.20. The firm has a market cap of $2.95 billion, a PE ratio of 9.46 and a beta of 0.57. Golub Capital BDC has a 12 month low of $12.77 and a 12 month high of $17.27.

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

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.56 annualized dividend and a dividend yield of 9.06%. Golub Capital BDC’s dividend payout ratio is currently 85.71%.

About Golub Capital BDC

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.