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

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

Golub Capital BDC Price Performance

Shares of GBDC remained flat at $17.07 on Thursday. The company had a trading volume of 235,394 shares, compared to its average volume of 858,341. Golub Capital BDC has a 1-year low of $12.77 and a 1-year high of $17.29. The business has a fifty day moving average of $16.20 and a two-hundred day moving average of $15.40. 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 stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 9.36 and a beta of 0.57.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly 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). Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. The business had revenue of $164.77 million during the quarter, compared to the consensus estimate of $160.93 million. As a group, equities analysts predict that Golub Capital BDC will post 1.95 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company 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. This represents a $1.56 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date is Wednesday, May 1st. Golub Capital BDC’s dividend payout ratio is 85.71%.

Analyst Ratings Changes

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