$37.76 Million in Sales Expected for Goldman Sachs BDC Inc (NYSE:GSBD) This Quarter
Brokerages predict that Goldman Sachs BDC Inc (NYSE:GSBD) will post sales of $37.76 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Goldman Sachs BDC’s earnings, with the highest sales estimate coming in at $38.95 million and the lowest estimate coming in at $36.40 million. Goldman Sachs BDC reported sales of $37.24 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The company is expected to issue its next earnings results on Thursday, August 1st.
On average, analysts expect that Goldman Sachs BDC will report full-year sales of $156.44 million for the current year, with estimates ranging from $150.00 million to $159.85 million. For the next financial year, analysts anticipate that the business will report sales of $170.62 million, with estimates ranging from $166.00 million to $175.08 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Goldman Sachs BDC.
Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, May 9th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $36.54 million for the quarter, compared to analyst estimates of $36.22 million. Goldman Sachs BDC had a net margin of 25.34% and a return on equity of 12.08%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in GSBD. PNC Financial Services Group Inc. lifted its stake in shares of Goldman Sachs BDC by 31.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,943 shares of the financial services provider’s stock worth $91,000 after buying an additional 1,173 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Goldman Sachs BDC by 4.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,840 shares of the financial services provider’s stock valued at $236,000 after buying an additional 597 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Goldman Sachs BDC by 13.3% during the fourth quarter. Great West Life Assurance Co. Can now owns 11,976 shares of the financial services provider’s stock valued at $213,000 after buying an additional 1,409 shares during the last quarter. Northern Oak Wealth Management Inc. increased its holdings in Goldman Sachs BDC by 5.0% during the fourth quarter. Northern Oak Wealth Management Inc. now owns 10,600 shares of the financial services provider’s stock valued at $195,000 after buying an additional 500 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in Goldman Sachs BDC by 19.0% during the fourth quarter. MML Investors Services LLC now owns 16,112 shares of the financial services provider’s stock valued at $296,000 after buying an additional 2,577 shares during the last quarter. 34.88% of the stock is owned by institutional investors.
Shares of NYSE GSBD traded up $0.08 during mid-day trading on Wednesday, hitting $19.86. 1,420 shares of the company were exchanged, compared to its average volume of 124,333. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.78. The business’s 50 day moving average is $19.68. Goldman Sachs BDC has a 1-year low of $17.73 and a 1-year high of $22.75. The company has a market capitalization of $799.21 million, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 9.92 and a beta of 0.99.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date is Thursday, June 27th. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 87.38%.
Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.
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