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 Stock Performance

NASDAQ:GBDC opened at $17.11 on Tuesday. Golub Capital BDC has a 1 year low of $12.77 and a 1 year high of $17.16. The firm’s fifty day simple moving average is $16.13 and its 200 day simple moving average is $15.37. 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 market capitalization of $2.93 billion, a PE ratio of 9.40 and a beta of 0.57.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm 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%. On average, sell-side analysts anticipate that Golub Capital BDC will post 1.95 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were given 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%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GBDC. Raymond James lifted their target price on shares of Golub Capital BDC from $16.00 to $16.50 and gave the company an outperform rating in a research report on Tuesday, January 23rd. Wells Fargo & Company lifted their price target on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an equal weight rating in a report on Monday, January 29th. StockNews.com downgraded 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 target price for the company in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $16.40.

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.