Overview

* Golub Capital BDC ( GBDC ) 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

Share

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 ( GBDC ) 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:

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(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.)