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

Barings BDC (NYSE:BBDC) issued its quarterly earnings data on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01), Briefing.com reports. The firm had revenue of $70.85 million for the quarter, compared to analyst estimates of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.22%. During the same quarter in the prior year, the firm posted $0.31 EPS.

Barings BDC Price Performance

Shares of NYSE BBDC opened at $9.70 on Friday. Barings BDC has a fifty-two week low of $8.55 and a fifty-two week high of $10.27. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.98 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The business has a 50-day moving average of $9.79 and a 200-day moving average of $9.81.

Barings BDC Dividend Announcement

The firm also recently announced 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. This represents a $1.04 dividend on an annualized basis and a yield of 10.72%. The ex-dividend date of this dividend is Wednesday, December 4th. Barings BDC’s dividend payout ratio (DPR) is currently 96.30%.

Analyst Ratings Changes

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

Barings BDC Company Profile

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.