Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Pennantpark Investment Corp. (PNNT)
NYSE:PNNT
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.24Same Quarter Last Year
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 15, 2018
|% Change Since: 2.51%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong performance with an increase in NAV and a robust return from the joint venture, coupled with an attractive yield on debt investments. However, there are concerns about spread compression, high PIK income, and high leverage levels. Overall, the sentiment reflects a balanced view of achievements and challenges.Company Guidance
During the PennantPark Investment Corporation's Q4 2024 earnings call, the management provided detailed guidance and metrics on their financial performance and market positioning. For the quarter ending September 30, the company reported a GAAP and core net investment income of $0.22 per share, with a slight increase in net asset value (NAV) to $7.56 per share from $7.52, primarily due to positive valuation adjustments in their $1.3 billion portfolio. The company originated $192 million in investments with a weighted average yield of 11.4%, and the portfolio's weighted average debt-to-EBITDA was 3.6x, with a loan-to-value of 36%. The joint venture, PSLF, saw an increase in its investment capacity to over $1.5 billion, delivering a 19.2% return on invested capital over the past year. The portfolio included 152 companies across 33 industries, with a weighted average yield of 12.3% on debt investments, and maintained strong credit quality with only 2 nonaccruals. The company emphasized its strategic focus on the core middle market, leveraging lower leverage and tighter covenants compared to the upper middle market, and highlighted sectors such as business services, consumer, government services and defense, health care, and software and technology as key areas of investment.Increase in Net Asset Value
GAAP and adjusted NAV increased by 0.5% to $7.56 per share from $7.52.
Joint Venture Expansion
The joint venture accepted $127 million of additional capital commitments, increasing its investment capacity by nearly $500 million.
Strong Return on JV Investment
PNNT earned a 19.2% return on invested capital in the JV over the last 12 months.
Attractive Portfolio Yield
The weighted average yield on debt investments was 12.3%.
Low Nonaccrual Rate
Only 2 nonaccruals, representing 4.1% of the portfolio at cost and 2.3% at market value.
---
PNNT 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
---
PNNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 25, 2024 | $6.78 | $6.75 | -0.44% |
| Aug 07, 2024 | $6.37 | $6.43 | +0.94% |
| May 08, 2024 | $6.55 | $6.69 | +2.14% |
| Feb 07, 2024 | $6.00 | $5.93 | -1.17% |
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.
---
FAQ
When does Pennantpark Investment Corp. (PNNT) report earnings?
Pennantpark Investment Corp. (PNNT) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Pennantpark Investment Corp. (PNNT) earnings time?
Pennantpark Investment Corp. (PNNT) earnings time is at Feb 10, 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 PNNT EPS forecast?
PNNT EPS forecast for the fiscal quarter 2025 (Q1) is 0.21.
---