Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Crescent Capital BDC (CCAP)
NASDAQ:CCAP
Holding CCAP?
Track your performance easily
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.56Last Year’s EPS
$0.61Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 6.54%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong earnings performance, stable portfolio management, and a positive outlook for future investment activity. However, there were concerns over a slight decrease in NAV and issues with specific investments leading to unrealized losses.Company Guidance
During the third quarter of 2024 earnings call for Crescent Capital BDC, Inc. (CCAP), the company provided robust financial guidance and detailed portfolio insights. The net investment income (NII) was reported at $0.64 per share, translating into an annualized NII return on equity of 12.6%. The Board declared a supplemental dividend of $0.07 per share, in addition to the regular dividend of $0.42 per share, equating to an approximately 10% annualized dividend yield on the NAV as of September 30, 2024. The net asset value saw a decrease of $0.10 to $20.20 per share, mainly due to net unrealized marks within the portfolio. The company ended the quarter with $1.6 billion in investments at fair value across 183 companies, maintaining a highly diversified portfolio primarily consisting of first lien loans, which represent 90% of the portfolio. The portfolio's credit quality remained strong, with 90% of investments rated at the highest levels, and only 1.7% of the total debt investments on nonaccrual status. Looking ahead, CCAP anticipates continued strong performance and increased deal activity in 2025, driven by favorable market conditions and strategic investment in noncyclical industries.Strong Earnings and Dividend Declaration
Reported net investment income (NII) of $0.64 per share, translating to a 12.6% annualized NII return on equity. The Board declared a supplemental dividend of $0.07 per share, in addition to the regular dividend of $0.42 per share.
Portfolio Performance and Stability
Maintained a highly diversified portfolio with 183 companies, primarily in first lien loans. Nonaccruals remained well below industry average at 1.7% of total debt investments at cost.
Increase in Investment Activity
Gross deployment in the third quarter totaled $73 million, primarily in first lien investments. Anticipated increase in LBO volumes and overall deal flow in 2025.
Positive Market Outlook
Expectations of increased deal activity in 2025 due to lower borrowing costs and market optimism post-presidential election.
---
CCAP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CCAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $18.15 | $18.74 | +3.25% |
| Aug 12, 2024 | $17.43 | $17.23 | -1.15% |
| May 08, 2024 | $16.61 | $16.90 | +1.75% |
| Feb 21, 2024 | $15.10 | $15.52 | +2.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Crescent Capital BDC (CCAP) report earnings?
Crescent Capital BDC (CCAP) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Crescent Capital BDC (CCAP) earnings time?
Crescent Capital BDC (CCAP) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCAP EPS forecast?
CCAP EPS forecast for the fiscal quarter 2024 (Q4) is $0.56.
---