Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) will release its earnings data before the market opens on Tuesday, November 5th. Analysts expect Palmer Square Capital BDC to post earnings of $0.49 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.
Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.03). Palmer Square Capital BDC had a return on equity of 16.13% and a net margin of 64.65%. The business had revenue of $36.55 million for the quarter, compared to analyst estimates of $36.27 million. On average, analysts expect Palmer Square Capital BDC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Palmer Square Capital BDC Stock Performance
Palmer Square Capital BDC stock traded up $0.04 during midday trading on Tuesday, reaching $16.03. The company's stock had a trading volume of 4,304 shares, compared to its average volume of 47,136. Palmer Square Capital BDC has a 52 week low of $15.27 and a 52 week high of $17.12. The business has a 50-day moving average price of $16.20 and a 200-day moving average price of $16.37.
Palmer Square Capital BDC Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Friday, September 27th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 10.48%. The ex-dividend date was Friday, September 27th.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada restated an "outperform" rating and issued a $17.00 target price on shares of Palmer Square Capital BDC in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Palmer Square Capital BDC has an average rating of "Moderate Buy" and a consensus target price of $16.93.
Check Out Our Latest Analysis on PSBD
About Palmer Square Capital BDC
(
Get Free Report)
Palmer Square Capital BDC Inc is an externally managed, non-diversified closed-end management investment company which primarily lends to and invests in corporate debt securities, including small to large private U.S. companies and has elected to be regulated as a business development company. Palmer Square Capital BDC Inc is based in MISSION WOODS, Kan.
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