Barings BDC (BBDC) Scheduled to Post Quarterly Earnings on Wednesday

Barings BDC (NYSE:BBDC) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Barings BDC to post earnings of $0.30 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. The company had revenue of $74.89 million for the quarter, compared to analyst estimates of $70.75 million. During the same period in the prior year, the company posted $0.31 EPS. On average, analysts expect Barings BDC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Barings BDC Stock Down 1.6 %

Shares of NYSE:BBDC opened at $9.75 on Wednesday. The firm has a market capitalization of $1.03 billion, a PE ratio of 7.92 and a beta of 0.67. The business has a 50 day simple moving average of $9.85 and a two-hundred day simple moving average of $9.79. Barings BDC has a 1 year low of $8.55 and a 1 year high of $10.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12.

Barings BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, September 4th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 10.67%. The ex-dividend date of this dividend was Wednesday, September 4th. Barings BDC’s payout ratio is currently 84.55%.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their target price on Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research note on Friday, July 26th.

Barings BDC Company Profile

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.