Barings BDC (BBDC) to Release Quarterly Earnings on Tuesday

Barings BDC (NYSE:BBDC) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Barings BDC to post earnings of $0.30 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Barings BDC (NYSE:BBDC) last announced its earnings results on Friday, February 23rd. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. Barings BDC had a net margin of 44.26% and a return on equity of 10.63%. The company had revenue of $75.85 million during the quarter, compared to the consensus estimate of $71.25 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. 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 Trading Up 0.4 %

Shares of BBDC stock opened at $9.47 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 7.96 and a beta of 0.63. Barings BDC has a 52-week low of $6.96 and a 52-week high of $9.89. The company has a 50-day simple moving average of $9.35 and a two-hundred day simple moving average of $9.06.

Barings BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.98%. The ex-dividend date of this dividend was Tuesday, March 5th. Barings BDC’s dividend payout ratio is presently 87.39%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their target price on Barings BDC from $8.50 to $8.75 and gave the stock an “equal weight” rating in a research report on Monday, January 29th.

About Barings BDC

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.