Private credit firm Golub Capital's Q4 adjusted net income misses estimates

Golub Capital BDC's fiscal Q4 adjusted net income missed analyst expectations, with EPS at $0.36. Net asset value per share decreased to $14.97. The company did not provide future guidance. Net investment income per share remained stable at $0.38. Losses were due to underperformance in certain portfolio companies and restructuring activities. The company repurchased shares, impacting financial metrics. Analysts' average rating is 'buy' with a median 12-month price target of $15.50, 12.2% above the recent closing price of $13.61.

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Overview

Golub Capital BDC fiscal Q4 adjusted net income missed analyst expectations
Earnings per share for fiscal Q4 at $0.36
Net asset value per share decreased to $14.97 from $15.00 at June end

Outlook

Company did not provide specific future guidance

Result Drivers

STABLE INCOME - Net investment income per share remained stable at $0.38, with adjusted net investment income at $0.39, excluding amortization of purchase premiums
PORTFOLIO UNDERPERFORMANCE - Net realized and unrealized losses were driven by underperformance in certain portfolio companies and restructuring activities
SHARE REPURCHASES - Company repurchased shares in response to market volatility, impacting financial metrics

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 EPS $0.36

Q4 Miss $96.30 $103.90

Adjusted mln mln (5

Net Analysts

Income )

Q4 Net $14.97

Asset

Value

Per

Analyst Coverage

The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 3 “strong buy” or “buy”, 2 “hold” and no “sell” or “strong sell”
The average consensus recommendation for the investment management & fund operators peer group is “hold.”
Wall Street’s median 12-month price target for Golub Capital BDC Inc is $15.50, about 12.2% above its November 17 closing price of $13.61
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)