Zacks: Brokerages Expect Barings BDC Inc (NYSE:BBDC) Will Announce Quarterly Sales of $19.89 Million
Wall Street brokerages forecast that Barings BDC Inc (NYSE:BBDC) will announce $19.89 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Barings BDC’s earnings, with the lowest sales estimate coming in at $18.72 million and the highest estimate coming in at $20.65 million. Barings BDC posted sales of $25.47 million during the same quarter last year, which indicates a negative year-over-year growth rate of 21.9%. The company is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, July 31st.
On average, analysts expect that Barings BDC will report full year sales of $80.53 million for the current year, with estimates ranging from $77.42 million to $84.00 million. For the next year, analysts forecast that the business will post sales of $93.22 million, with estimates ranging from $86.12 million to $104.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Barings BDC.
Barings BDC (NYSE:BBDC) last posted its earnings results on Thursday, May 9th. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. Barings BDC had a negative return on equity of 0.80% and a negative net margin of 131.87%. The firm had revenue of $18.34 million for the quarter, compared to analysts’ expectations of $18.02 million.
Shares of NYSE:BBDC traded down $0.03 during trading on Friday, reaching $9.90. 4,115 shares of the company’s stock traded hands, compared to its average volume of 120,914. Barings BDC has a fifty-two week low of $8.70 and a fifty-two week high of $12.39. The company has a quick ratio of 22.46, a current ratio of 22.46 and a debt-to-equity ratio of 1.06. The stock has a 50-day simple moving average of $9.92.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 12th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.25%. This is a positive change from Barings BDC’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, June 11th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Punch & Associates Investment Management Inc. raised its position in shares of Barings BDC by 33.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,739,254 shares of the company’s stock valued at $17,062,000 after buying an additional 439,585 shares during the period. Clearbridge Investments LLC purchased a new stake in shares of Barings BDC during the 1st quarter valued at approximately $2,531,000. Two Sigma Advisers LP purchased a new stake in shares of Barings BDC during the 4th quarter valued at approximately $858,000. Alphasimplex Group LLC purchased a new stake in shares of Barings BDC during the 1st quarter valued at approximately $613,000. Finally, Manning & Napier Group LLC purchased a new stake in shares of Barings BDC during the 1st quarter valued at approximately $603,000. 40.55% of the stock is currently owned by institutional investors and hedge funds.
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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