Zacks: Analysts Anticipate Barings BDC Inc (NYSE:BBDC) Will Post Earnings of $0.16 Per Share

Brokerages predict that Barings BDC Inc (NYSE:BBDC) will report earnings per share (EPS) of $0.16 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Barings BDC’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.17. Barings BDC also posted earnings of $0.16 per share during the same quarter last year. The company is expected to issue its next quarterly earnings results on Wednesday, February 26th.

On average, analysts expect that Barings BDC will report full-year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.62 to $0.63. For the next year, analysts anticipate that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.67 to $0.79. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Barings BDC.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Barings BDC had a return on equity of 5.48% and a net margin of 6.67%. The company had revenue of $19.30 million during the quarter, compared to analysts’ expectations of $20.34 million.

A number of analysts have weighed in on the company. National Securities assumed coverage on Barings BDC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $10.00 price objective for the company. ValuEngine raised Barings BDC from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research cut Barings BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.40.

In other Barings BDC news, Director John Switzer bought 3,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of $9.88 per share, with a total value of $29,640.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.29% of the company’s stock.

Several hedge funds have recently modified their holdings of BBDC. First Personal Financial Services raised its stake in shares of Barings BDC by 150.0% during the 3rd quarter. First Personal Financial Services now owns 5,000 shares of the company’s stock worth $51,000 after buying an additional 3,000 shares in the last quarter. FNY Investment Advisers LLC increased its stake in Barings BDC by 32.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 9,300 shares of the company’s stock valued at $91,000 after purchasing an additional 2,300 shares in the last quarter. Sigma Planning Corp purchased a new position in Barings BDC in the 2nd quarter valued at approximately $99,000. Allianz Asset Management GmbH purchased a new position in Barings BDC in the 2nd quarter valued at approximately $136,000. Finally, Strategic Financial Group LLC purchased a new position in Barings BDC in the 2nd quarter valued at approximately $192,000. 96.92% of the stock is owned by institutional investors and hedge funds.

Barings BDC stock remained flat at $$10.30 during mid-day trading on Tuesday. The company’s stock had a trading volume of 234,200 shares, compared to its average volume of 163,734. Barings BDC has a 52 week low of $8.70 and a 52 week high of $10.41. The stock has a fifty day moving average price of $10.20 and a 200-day moving average price of $10.02. The company has a current ratio of 4.64, a quick ratio of 4.64 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $527.36 million, a price-to-earnings ratio of 16.25, a PEG ratio of 3.26 and a beta of 0.64.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.83%. This is an increase from Barings BDC’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, December 10th.

About Barings BDC

Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

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Earnings History and Estimates for Barings BDC (NYSE:BBDC)

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