Barings BDC (NYSE:BBDC) Issues Earnings Results, Misses Estimates By $0.01 EPS

Posted by Casey Walker on Nov 8th, 2024

Barings BDC (NYSE:BBDC – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01), Briefing.com reports. The firm had revenue of $70.85 million for the quarter, compared to analysts’ expectations of $70.48 million. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. During the same quarter in the prior year, the business earned $0.31 EPS.

Barings BDC Trading Up 0.2 %

NYSE BBDC traded up $0.02 during trading hours on Thursday, hitting $9.80. 373,608 shares of the company were exchanged, compared to its average volume of 423,826. Barings BDC has a 52 week low of $8.55 and a 52 week high of $10.27. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $9.80 and a 200 day moving average price of $9.81. The stock has a market cap of $1.03 billion, a PE ratio of 9.40 and a beta of 0.67.

Barings BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th will be given a $0.26 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 annualized dividend and a yield of 10.62%. Barings BDC’s dividend payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their target price on shares of Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Friday, July 26th.

Read Our Latest Stock Analysis on BBDC

Barings BDC Company Profile

(Get Free Report)

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.