Palmer Square Capital BDC (PSBD) Scheduled to Post Earnings on Tuesday

Palmer Square Capital BDC (NYSE:PSBD) is scheduled to 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Palmer Square Capital BDC (NYSE:PSBD) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). The business had revenue of $36.55 million for the quarter, compared to the consensus estimate of $36.27 million. Palmer Square Capital BDC had a net margin of 64.65% and a return on equity of 16.13%. 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 opened at $16.00 on Tuesday. The firm’s fifty day simple moving average is $16.21 and its 200-day simple moving average is $16.37. Palmer Square Capital BDC has a 1-year low of $15.27 and a 1-year high of $17.12.

Palmer Square Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Friday, September 27th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.50%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 target price on shares of Palmer Square Capital BDC in a report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.93.

About Palmer Square Capital BDC

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.