Kayne Anderson BDC (KBDC) Projected to Post Quarterly Earnings on Monday

Kayne Anderson BDC (NYSE:KBDC) is projected to post its quarterly earnings results after the market closes on Monday, May 12th. Analysts expect Kayne Anderson BDC to post earnings of $0.42 per share and revenue of $58.43 million for the quarter.

Kayne Anderson BDC (NYSE:KBDC) last posted its earnings results on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. The business had revenue of $56.34 million for the quarter, compared to the consensus estimate of $53.01 million. On average, analysts expect Kayne Anderson BDC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kayne Anderson BDC Trading Up 1.2 %

Shares of NYSE KBDC opened at $15.84 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. Kayne Anderson BDC has a fifty-two week low of $13.93 and a fifty-two week high of $17.99. The firm’s 50-day simple moving average is $16.02 and its 200 day simple moving average is $16.53.

Kayne Anderson BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 10.10%.

Analysts Set New Price Targets

Several analysts have recently commented on KBDC shares. Wells Fargo & Company lowered their target price on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods dropped their target price on shares of Kayne Anderson BDC from $17.00 to $16.50 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. UBS Group cut their target price on Kayne Anderson BDC from $16.50 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, Royal Bank of Canada dropped their price target on Kayne Anderson BDC from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Kayne Anderson BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.60.

About Kayne Anderson BDC

Kayne Anderson BDC Inc is a business development company which invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. Kayne Anderson BDC Inc is based in CHICAGO.