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Monroe Capital (MRCC)
NASDAQ:MRCC
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.27Last Year’s EPS
$0.24Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 2.00%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed a stable financial performance with consistent dividend coverage and strategic growth initiatives, including a promising partnership with the Wendel Group. However, there were challenges such as a slight decline in NAV, increased non-accrual investments, and a decrease in effective yield, which highlighted some portfolio performance concerns.Company Guidance
During the Monroe Capital Corporation's Q3 2024 earnings call, MRCC reported an adjusted net investment income of $6.6 million or $0.31 per share, covering their $0.25 per share dividend by nearly 1.25 times for the 18th consecutive quarter. The total annualized dividend yield was over 12% based on the November 11, 2024, closing share price. The company experienced a slight decline in net asset value (NAV) to $198.9 million or $9.18 per share, down from $199.3 million or $9.20 per share in the prior quarter, attributed to net unrealized losses in certain portfolio companies. Debt-to-equity leverage decreased to 1.50x from 1.54x, facilitated by investment sales and paydowns. The investment portfolio totaled $474.3 million, with the weighted average effective yield on debt and preferred equity investments at 11%. The call also highlighted the strategic partnership with the Wendel Group, expected to bring $1 billion in new seed capital, with the transaction set to close in Q1 2025.Consistent Dividend Coverage
For the 18th consecutive quarter, MRCC's adjusted net investment income covered the $0.25 per share dividend, with a total annualized dividend yield of over 12% using the November 11, 2024, closing share price.
Strategic Partnership with Wendel Group
Monroe announced a partnership with the Wendel Group, which involves a $1 billion commitment of new seed capital, expected to close in Q1 2025. This partnership is anticipated to benefit MRCC with additional capital, scale, and commitment.
Investment Activity and Portfolio Adjustments
MRCC received 3 full payoffs of older vintage assets and invested in 3 new portfolio companies, with over half of new fundings supporting growth initiatives of existing borrowers.
Middle Market Loan Volume Increase
Middle market loan volumes rose, driven by a 43% increase in private equity sponsor activity and a 52% increase in middle market LBO lending volume compared to the last quarter.
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MRCC 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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MRCC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $7.88 | $8.01 | +1.65% |
| Aug 07, 2024 | $6.72 | $6.83 | +1.64% |
| May 08, 2024 | $6.59 | $6.61 | +0.30% |
| Mar 11, 2024 | $6.64 | $6.58 | -0.90% |
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 Monroe Capital (MRCC) report earnings?
Monroe Capital (MRCC) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Monroe Capital (MRCC) earnings time?
Monroe Capital (MRCC) earnings time is at Feb 26, 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 MRCC EPS forecast?
MRCC EPS forecast for the fiscal quarter 2024 (Q4) is $0.27.
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