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Monroe Capital (MRCC)
NASDAQ:MRCC
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.29Last Year’s EPS
0.25Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: -3.29%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with both positive and negative elements. While MRCC maintained a high dividend yield and benefited from strong middle market loan volumes, challenges such as a decrease in NAV, non-accrual status increases, and declining effective yields were significant. The strategic partnership with Wendel Group is a positive future prospect, but current financial metrics reflect pressures from market conditions.Company Guidance
During Monroe Capital Corporation's fourth quarter and full year 2024 earnings call, CEO Ted Koenig highlighted several key financial metrics and strategic updates. The company reported an adjusted net investment income of $6.2 million or $0.29 per share for the fourth quarter, a slight decrease from the previous quarter. The net asset value (NAV) was $191.8 million or $8.85 per share, reflecting a 3.6% decline from the prior quarter due to net unrealized losses. Monroe's leverage increased marginally to 1.53 times debt to equity. The portfolio yield stood at 10.2%, and the annualized dividend yield reached 11.4%. In 2024, Monroe invested $30.4 million in new portfolio companies and $57.6 million in existing ones, with 65% of capital deployment focused on incremental investments in existing companies. Furthermore, Monroe's partnership with the Wendel Group, which will infuse $1 billion in seed capital, was approved by shareholders, underscoring the company's strategic growth ambitions.Dividend Yield and Net Investment Income Coverage
MRCC delivered a total annualized dividend yield of 11.4% and the adjusted net investment income covered the $0.25 per share dividend for the quarter.
Healthy Portfolio Company Performance
Portfolio companies demonstrated healthy revenue and EBITDA growth trends throughout 2024, which contributed to a sound interest coverage ratio.
Strong Middle Market Loan Volumes
2024 saw an 85% year-over-year increase in sponsored direct lending volumes, a new record for annual growth, driven by increased private equity sponsor activity.
Strategic Partnership with Wendel Group
MRCC's partnership with Wendel Group will bring $1 billion of new seed capital to support Monroe's investment strategies.
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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 |
|---|---|---|---|
| Mar 03, 2025 | $8.81 | $8.52 | -3.29% |
| 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% |
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 May 07, 2025, TBA Not Confirmed.
What is Monroe Capital (MRCC) earnings time?
Monroe Capital (MRCC) earnings time is at May 07, 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 2025 (Q1) is 0.29.
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