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OFS Capital (OFS)
NASDAQ:OFS
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.42Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: 3.71%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant increases in net investment income and net asset value per share, driven by successful equity investments and a stable loan portfolio. However, challenges such as the impact of interest rate cuts and subdued M&A activity were noted. Despite these challenges, the overall sentiment is positive due to the robust performance and strategic positioning for future growth.Company Guidance
In the OFS Capital Corporation Q4 2024 earnings call, the company reported a 13% increase in net investment income to $0.30 per share, driven by nonrecurring dividend and fee income. The net asset value per share rose by 14% to $12.85, primarily due to the appreciation of equity and structured finance positions, notably a $15.6 million increase in the value of their investment in Fansteel Holdings. The company maintained a quarterly distribution of $0.34 per share, representing a 16.9% annualized yield. Their portfolio, valued at $409.7 million, is 100% secured with senior loans, with no new non-accruals reported. OFS Capital's debt structure includes 72% unsecured debt, and their regulatory asset coverage ratio increased to 169%. Despite a muted M&A environment, they continue to identify investment opportunities within their existing borrower base. The company's adviser manages approximately $3.9 billion across various credit markets, aligning with shareholders through a 23% ownership in the company.Increase in Net Investment Income
Net investment income increased by approximately 13% to $0.30 per share, driven by an increase in dividend income and other nonrecurring fee income.
Significant Appreciation in Equity Investment
The fair value of the equity position in Fansteel Holdings increased by $15.6 million to $89.3 million, with total distributions received approximately 18 times the initial investment cost.
No New Non-Accruals
There were no new loans placed on non-accrual during the quarter, indicating a stable and healthy loan portfolio.
Increase in Net Asset Value per Share
Net asset value per share increased by 14% to $12.85, primarily due to appreciation in equity and structured finance positions.
High Unsecured Debt Portion
72% of outstanding debt is unsecured, providing operational flexibility.
Improvement in Investment Income Yield
The weighted average performing investment income yield improved slightly to 13.8%, up about 0.2% quarter over quarter.
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OFS 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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OFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | $8.35 | $8.70 | +4.19% |
| Oct 31, 2024 | $7.78 | $7.75 | -0.39% |
| Aug 01, 2024 | $7.92 | $7.59 | -4.17% |
| May 02, 2024 | $8.62 | $8.48 | -1.62% |
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 OFS Capital (OFS) report earnings?
OFS Capital (OFS) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is OFS Capital (OFS) earnings time?
OFS Capital (OFS) earnings time is at May 02, 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 OFS EPS forecast?
OFS EPS forecast for the fiscal quarter 2025 (Q1) is 0.33.
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