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 Analyst Weigh In

Several research firms have weighed in on GBDC. Raymond James boosted their price target on Golub Capital BDC from $16.00 to $16.50 and gave the stock an outperform rating in a research report on Tuesday, January 23rd. StockNews.com downgraded Golub Capital BDC from a buy rating to a hold rating in a research note on Friday, March 29th. Bank of America upgraded 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 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of Moderate Buy and an average target price of $16.40.

Golub Capital BDC Price Performance

NASDAQ GBDC traded up $0.08 during midday trading on Monday, hitting $16.88. The company had a trading volume of 174,395 shares, compared to its average volume of 854,801. The company has a market capitalization of $2.90 billion, a PE ratio of 9.23 and a beta of 0.57. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $16.10 and a 200-day moving average price of $15.35. Golub Capital BDC has a twelve month low of $12.77 and a twelve month high of $16.89.

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

Golub Capital BDC Announces Dividend

The firm also recently declared a Variable dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, February 14th. Golub Capital BDC’s dividend payout ratio (DPR) 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.