Palmer Square Capital BDC (PSBD) to Release Quarterly Earnings on Tuesday

Palmer Square Capital BDC (NYSE:PSBD) is scheduled to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Persons that wish to listen to 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 Wednesday, February 28th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. Palmer Square Capital BDC had a net margin of 96.09% and a return on equity of 23.31%. The business had revenue of $29.82 million for the quarter, compared to analyst estimates of $29.78 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

NYSE PSBD opened at $16.47 on Monday. The business’s 50 day moving average price is $16.34. Palmer Square Capital BDC has a twelve month low of $15.27 and a twelve month high of $17.12.

Palmer Square Capital BDC Dividend Announcement

The firm also recently declared a — dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 27th. This represents a dividend yield of 3.42%.

Analyst Upgrades and Downgrades

PSBD has been the subject of a number of research reports. Citigroup assumed coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They set a “buy” rating and a $17.00 price objective for the company. Janney Montgomery Scott assumed coverage on shares of Palmer Square Capital BDC in a research report on Monday, April 22nd. They set a “neutral” rating and a $17.50 price objective on the stock. Royal Bank of Canada assumed coverage on shares of Palmer Square Capital BDC in a research report on Monday, February 12th. They issued an “outperform” rating and a $17.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Palmer Square Capital BDC in a report on Monday, February 12th. They set an “overweight” rating and a $17.00 price target on the stock. Finally, UBS Group began coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued a “neutral” rating and a $16.50 price target on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock 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.