Wall Street brokerages predict that Barings BDC Inc (NYSE:BBDC) will post earnings per share of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Barings BDC’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.15. Barings BDC reported earnings of $0.16 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.3%. The firm is scheduled to report its next quarterly earnings results on Tuesday, November 3rd.

On average, analysts expect that Barings BDC will report full year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.60. For the next financial year, analysts forecast that the company will report earnings of $0.63 per share, with EPS estimates ranging from $0.55 to $0.67. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Barings BDC.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Barings BDC had a positive return on equity of 5.58% and a negative net margin of 57.90%. The business had revenue of $16.14 million for the quarter, compared to analysts’ expectations of $17.52 million.

Several research analysts have recently issued reports on BBDC shares. Raymond James upgraded shares of Barings BDC from an “outperform” rating to a “strong-buy” rating and set a $9.50 target price for the company in a report on Wednesday, June 24th. Keefe, Bruyette & Woods raised Barings BDC from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $9.00 to $10.00 in a report on Monday, August 17th. Finally, TheStreet upgraded Barings BDC from a “d+” rating to a “c” rating in a research report on Monday, August 24th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Barings BDC has a consensus rating of “Buy” and a consensus target price of $8.88.

Several institutional investors have recently added to or reduced their stakes in the company. Coastal Bridge Advisors LLC purchased a new position in Barings BDC in the first quarter worth $88,000. Condor Capital Management purchased a new position in shares of Barings BDC in the 2nd quarter valued at about $107,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Barings BDC in the first quarter valued at about $101,000. Citigroup Inc. boosted its holdings in Barings BDC by 96.9% during the first quarter. Citigroup Inc. now owns 15,267 shares of the company’s stock worth $114,000 after buying an additional 7,514 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Barings BDC by 12.3% during the second quarter. Great West Life Assurance Co. Can now owns 18,303 shares of the company’s stock worth $144,000 after buying an additional 2,001 shares during the period. Institutional investors and hedge funds own 73.81% of the company’s stock.

BBDC traded up $0.11 on Friday, reaching $8.00. The company’s stock had a trading volume of 10,129 shares, compared to its average volume of 102,090. The company has a market capitalization of $380.34 million, a price-to-earnings ratio of 13.22 and a beta of 0.63. Barings BDC has a fifty-two week low of $4.67 and a fifty-two week high of $10.59. The company has a quick ratio of 5.96, a current ratio of 5.96 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average of $8.11 and a two-hundred day moving average of $7.64.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, September 8th. This represents a $0.64 dividend on an annualized basis and a yield of 8.00%. Barings BDC’s payout ratio is 104.92%.

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.

Further Reading: Sell-Side Analysts

Get a free copy of the Zacks research report on Barings BDC (BBDC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Barings BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings BDC and related companies with MarketBeat.com's FREE daily email newsletter.