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BlackRock TCP Capital Corp. (DE:8TC)
FRANKFURT:8TC
RESEARCH TOOLSreports
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€0.35Last Year’s EPS
€0.42Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 20.12%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance with good dividend coverage, a special dividend, and a decrease in non-accruals. However, challenges persist with certain portfolio companies and a decrease in yield. Overall, the company appears to be managing well despite certain setbacks.Company Guidance
In the BlackRock TCP Capital Corp.'s third quarter 2024 earnings call, the company delivered adjusted net income of $0.36 per share with an annualized net investment income return on average equity of approximately 14%. The Board declared a fourth quarter dividend of $0.34 per share, maintaining a 106% dividend coverage based on the third quarter's adjusted NII, and announced a special dividend of $0.10 per share. The company reported a slight 0.9% reduction in NAV due to one additional non-accrual loan and certain markdowns, bringing loans on non-accrual status down to 3.8% of portfolio fair value. The third quarter saw $73 million invested primarily in first lien loans, with a portfolio yielding a weighted average annual effective yield of 13.4%. Net realized losses were $31.4 million, while net unrealized gains were $19.2 million. The weighted average interest rate on debt outstanding was 5.4%, with available liquidity of $582 million.Adjusted Net Income and Dividend Coverage
Adjusted net income was $0.36 per share with an annualized net investment income return on average equity of approximately 14%. The Board declared a fourth quarter dividend of $0.34 per share, implying a dividend coverage of 106% based on third quarter adjusted NII.
Special Dividend Announcement
A special dividend of $0.10 per share was declared for the fourth quarter, payable on December 31, 2024, to shareholders of record on December 17, 2024.
Decrease in Non-Accruals
Non-accruals decreased from 4.9% to 3.8% of the portfolio's fair value, indicating improvement in managing credit issues.
Robust Investment Activity
Invested $73 million into 9 companies during the third quarter, with a focus on first lien loans. The portfolio remains well-diversified with a total fair market value of approximately $1.9 billion.
Strong Liquidity Position
Available liquidity was $582 million, with $478 million in available capacity under the leverage program and $104 million of cash and cash equivalents.
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DE:8TC 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
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DE:8TC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | €6.79 | €7.54 | +11.01% |
| Aug 07, 2024 | €8.46 | €7.62 | -9.86% |
| Feb 29, 2024 | €8.86 | €8.55 | -3.50% |
| Nov 02, 2023 | €8.05 | €8.69 | +7.95% |
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.
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FAQ
When does BlackRock TCP Capital Corp. (DE:8TC) report earnings?
BlackRock TCP Capital Corp. (DE:8TC) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is BlackRock TCP Capital Corp. (DE:8TC) earnings time?
BlackRock TCP Capital Corp. (DE:8TC) earnings time is at Feb 27, 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 the P/E ratio of BlackRock TCP Capital Corp. stock?
The P/E ratio of BlackRock TCP Capital is N/A.
What is DE:8TC EPS forecast?
DE:8TC EPS forecast for the fiscal quarter 2024 (Q4) is €0.35.
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