Kayne Anderson BDC (KBDC) Set to Announce Quarterly Earnings on Wednesday

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, November 13th. Analysts expect Kayne Anderson BDC to post earnings of $0.50 per share for the quarter.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $52.45 million during the quarter. Kayne Anderson BDC had a return on equity of 11.79% and a net margin of 52.29%. 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 Stock Up 2.1 %

NYSE KBDC traded up $0.35 on Wednesday, hitting $16.65. 75,890 shares of the company were exchanged, compared to its average volume of 44,504. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. Kayne Anderson BDC has a 1-year low of $15.69 and a 1-year high of $16.67. The firm's 50 day simple moving average is $16.13.

Kayne Anderson BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 9.61%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 price objective on shares of Kayne Anderson BDC in a report on Thursday, August 15th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.10.

Kayne Anderson BDC Company Profile

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.