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Barings BDC (BBDC)
NYSE:BBDC
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.28Last Year’s EPS
$0.31Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -1.27%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally stable and positive performance for Barings BDC, with strong credit performance, stable net asset value, and strategic financial management. However, there were some concerns with decreased investment income and minimal portfolio growth. Despite these challenges, the overall outlook remains positive.Company Guidance
During the Q3 2024 earnings call, Barings BDC provided a comprehensive overview of their financial performance and strategic initiatives. The company reported a net asset value per share of $11.32, reflecting a 0.4% increase compared to the prior fiscal year-end, and net investment income of $0.29 per share, exceeding the dividend of $0.26 per share. The portfolio's nonaccruals were modest at 0.5% of fair value, indicating strong credit performance. The weighted average yield at fair value was 11%. The company successfully extended the maturities of its revolving credit facility, enhancing its financial flexibility. BBDC's portfolio strategy focuses on middle-market credit with a significant portion of secured investments, and its investment pipeline remains robust with $170 million in new commitments in the fourth quarter. The management expressed optimism about the potential positive impact of declining interest rates on credit metrics and deal activity, aiming to drive higher spreads and transaction fees.Stable Net Asset Value
Net asset value per share increased to $11.32, reflecting a 0.4% increase from the prior fiscal year-end. This demonstrates portfolio stability.
Strong Net Investment Income
Net investment income for the quarter was $0.29 per share, exceeding the dividend of $0.26 per share.
Low Nonaccruals
Nonaccruals as a percentage of fair value were modest at 0.5%, indicating strong credit performance.
Increased Portfolio Quality
Barings-originated positions now account for 92% of the portfolio at fair value, up from 76% at the beginning of 2022.
Strategic Credit Facility Extension
Extended maturities of the revolving credit facility on favorable terms, reflecting strong lender support.
Positive Portfolio Diversification
The portfolio remains diversified with 72% secured investments and 68% in first lien securities.
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BBDC 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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BBDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $9.53 | $9.54 | +0.10% |
| Aug 07, 2024 | $8.97 | $9.46 | +5.46% |
| May 07, 2024 | $8.86 | $8.74 | -1.35% |
| Feb 22, 2024 | $8.27 | $8.67 | +4.84% |
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 Barings BDC (BBDC) report earnings?
Barings BDC (BBDC) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Barings BDC (BBDC) earnings time?
Barings BDC (BBDC) earnings time is at Feb 19, 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 BBDC EPS forecast?
BBDC EPS forecast for the fiscal quarter 2024 (Q4) is $0.28.
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