Zacks: Brokerages Anticipate Goldman Sachs BDC Inc (NYSE:GSBD) to Announce $0.48 EPS

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Equities analysts expect Goldman Sachs BDC Inc (NYSE:GSBD) to announce $0.48 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Goldman Sachs BDC’s earnings. Goldman Sachs BDC reported earnings of $0.55 per share in the same quarter last year, which would indicate a negative year over year growth rate of 12.7%. The firm is expected to announce its next quarterly earnings results on Thursday, May 14th.

On average, analysts expect that Goldman Sachs BDC will report full year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.94 to $1.95. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Goldman Sachs BDC.

A number of brokerages have recently weighed in on GSBD. Zacks Investment Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, January 31st. TheStreet cut shares of Goldman Sachs BDC from a “b-” rating to a “c” rating in a research report on Monday, November 25th. Finally, ValuEngine raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $21.80.

Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its holdings in shares of Goldman Sachs BDC by 111.6% during the third quarter. Commonwealth Equity Services LLC now owns 27,169 shares of the financial services provider’s stock worth $545,000 after acquiring an additional 14,331 shares during the period. Optimum Investment Advisors acquired a new stake in shares of Goldman Sachs BDC during the third quarter worth $78,000. Wedbush Securities Inc. acquired a new stake in shares of Goldman Sachs BDC during the fourth quarter worth $224,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Goldman Sachs BDC by 159.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 87,638 shares of the financial services provider’s stock worth $1,760,000 after acquiring an additional 53,843 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Goldman Sachs BDC by 4.9% during the second quarter. Royal Bank of Canada now owns 58,707 shares of the financial services provider’s stock worth $1,155,000 after acquiring an additional 2,760 shares during the period. Institutional investors and hedge funds own 35.32% of the company’s stock.

Shares of NYSE GSBD traded down $1.05 during midday trading on Friday, reaching $21.40. 296,707 shares of the stock were exchanged, compared to its average volume of 128,894. The business has a 50-day simple moving average of $21.42 and a two-hundred day simple moving average of $20.69. The company has a market capitalization of $906.31 million, a price-to-earnings ratio of 32.92, a P/E/G ratio of 11.49 and a beta of 0.98. Goldman Sachs BDC has a 12 month low of $18.71 and a 12 month high of $22.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.57 and a quick ratio of 0.57.

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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