Golub Capital BDC (NASDAQ:GBDC) Updates 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.

Analysts Set New Price Targets

A number of research firms have weighed in on GBDC. StockNews.com cut shares of Golub Capital BDC from a buy rating to a hold rating in a report 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. Wells Fargo & Company boosted their target price 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. Finally, Raymond James boosted their target price 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Golub Capital BDC has an average rating of Moderate Buy and a consensus target price of $16.40.

Golub Capital BDC Price Performance

NASDAQ GBDC remained flat at $17.07 during trading hours on Thursday. 235,394 shares of the company traded hands, compared to its average volume of 858,341. Golub Capital BDC has a one year low of $12.77 and a one year high of $17.29. The company has a market cap of $2.93 billion, a P/E ratio of 9.36 and a beta of 0.57. 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 company’s 50-day moving average is $16.20 and its 200-day moving average is $15.40.

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 (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $160.93 million. Equities research analysts predict that Golub Capital BDC will post 1.95 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 2nd will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.56 annualized dividend and a yield of 9.14%. Golub Capital BDC’s dividend payout ratio is presently 85.71%.

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.