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Pennantpark Floating Rate Capit (PFLT)
:PFLT
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.32Last Year’s EPS
0.31Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: 1.82%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call was largely positive with significant growth in the portfolio, successful exits, and robust credit quality. However, concerns were noted regarding some unrealized losses and markdowns in equity investments.Company Guidance
During PennantPark Floating Rate Capital's first fiscal quarter 2025 earnings call, guidance highlighted several key metrics and strategic insights. The company reported a GAAP net investment income of $0.37 per share and a core net investment income of $0.33 per share for the quarter ended December 31st, 2024. Their portfolio grew by 11% to $2.2 billion, with investments totaling $607 million at a weighted average yield of 10.3%. The debt to equity ratio was 1.4 times, nearing their target of 1.5 times. They successfully exited their investment in Marketplace Events, achieving a 2.6 times multiple on invested capital and a 19% annualized return. Their first lien senior secured debt portfolio, with a debt to EBITDA ratio of 4.3 times and interest coverage of 2.2 times, remains conservatively structured. The call also emphasized the robustness of the PSS joint venture, with a portfolio of $1.1 billion, and the strategic importance of their securitization financing, which stands at a $361 million term debt with a weighted average spread of 1.59%. The company remains focused on capital preservation and generating stable income through strategic investments in the core middle market.Portfolio Growth
The portfolio grew to $2.2 billion, an 11% increase from the prior quarter, with $607 million invested in new and existing investments at a weighted average yield of 10.3%.
Successful Investment Exit
Completed the successful exit of Marketplace Events, generating a 2.6 times multiple on invested capital and a 19% annualized return over four years.
Joint Venture Expansion
PFLT and JV partner committed an additional $100 million to the JV, expected to grow the JV portfolio to approximately $1.5 billion of assets.
Strong Credit Quality
Non-accruals represent only 0.4% of the portfolio at cost and 0.1% at market value.
New Financing Pricing
Priced a new $361 million term debt securitization transaction with a weighted average spread of 1.59%, a decrease of thirty basis points from previous financing.
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PFLT 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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PFLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $10.96 | $11.30 | +3.10% |
| Nov 25, 2024 | $10.72 | $10.76 | +0.37% |
| Aug 07, 2024 | $10.07 | $10.10 | +0.30% |
| May 08, 2024 | $10.59 | $10.48 | -1.04% |
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 Pennantpark Floating Rate Capit (PFLT) report earnings?
Pennantpark Floating Rate Capit (PFLT) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Pennantpark Floating Rate Capit (PFLT) earnings time?
Pennantpark Floating Rate Capit (PFLT) 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 PFLT EPS forecast?
PFLT EPS forecast for the fiscal quarter 2025 (Q2) is 0.32.
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