$36.13 Million in Sales Expected for Goldman Sachs BDC Inc (GSBD) This Quarter

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Wall Street analysts expect Goldman Sachs BDC Inc (NYSE:GSBD) to report $36.13 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Goldman Sachs BDC’s earnings, with the lowest sales estimate coming in at $34.92 million and the highest estimate coming in at $36.97 million. Goldman Sachs BDC reported sales of $36.02 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.3%. The company is expected to announce its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Goldman Sachs BDC will report full-year sales of $147.35 million for the current year, with estimates ranging from $142.00 million to $151.46 million. For the next fiscal year, analysts expect that the company will post sales of $159.19 million per share, with estimates ranging from $147.00 million to $171.29 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Goldman Sachs BDC.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, August 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. The firm had revenue of $37.20 million during the quarter, compared to analysts’ expectations of $36.04 million. Goldman Sachs BDC had a net margin of 46.91% and a return on equity of 10.19%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share.

A number of analysts have issued reports on GSBD shares. Raymond James reiterated a “strong-buy” rating on shares of Goldman Sachs BDC in a research note on Wednesday, May 9th. ValuEngine cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded shares of Goldman Sachs BDC from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, June 27th. Finally, National Securities reiterated a “buy” rating and issued a $23.00 target price on shares of Goldman Sachs BDC in a research note on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Goldman Sachs BDC presently has an average rating of “Buy” and a consensus price target of $23.17.

Several institutional investors have recently modified their holdings of the company. Sterling Investment Advisors Ltd. lifted its stake in shares of Goldman Sachs BDC by 3.1% in the second quarter. Sterling Investment Advisors Ltd. now owns 90,100 shares of the financial services provider’s stock worth $1,845,000 after buying an additional 2,700 shares during the last quarter. Greenwich Investment Management Inc. lifted its stake in shares of Goldman Sachs BDC by 6.7% in the first quarter. Greenwich Investment Management Inc. now owns 46,730 shares of the financial services provider’s stock worth $894,000 after buying an additional 2,925 shares during the last quarter. Texas Yale Capital Corp. lifted its stake in shares of Goldman Sachs BDC by 2.7% in the first quarter. Texas Yale Capital Corp. now owns 117,818 shares of the financial services provider’s stock worth $2,254,000 after buying an additional 3,085 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Goldman Sachs BDC by 1.7% in the second quarter. Van ECK Associates Corp now owns 253,565 shares of the financial services provider’s stock worth $5,193,000 after buying an additional 4,322 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of Goldman Sachs BDC by 12.0% in the second quarter. Citadel Advisors LLC now owns 51,807 shares of the financial services provider’s stock worth $1,061,000 after buying an additional 5,553 shares during the last quarter. Institutional investors and hedge funds own 34.22% of the company’s stock.

NYSE GSBD traded up $0.09 during trading on Friday, reaching $21.92. The company’s stock had a trading volume of 62,900 shares, compared to its average volume of 122,849. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $884.72 million, a PE ratio of 10.55, a price-to-earnings-growth ratio of 5.54 and a beta of 0.80. Goldman Sachs BDC has a 1-year low of $18.78 and a 1-year high of $23.10.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.21%. The ex-dividend date of this dividend is Thursday, September 27th. Goldman Sachs BDC’s payout ratio is 86.96%.

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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Earnings History and Estimates for Goldman Sachs BDC (NYSE:GSBD)

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