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Bain Capital Specialty Finance (BCSF)
NYSE:BCSF
RESEARCH TOOLSreports
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.46Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 0.70%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlights strong net investment income, record dividends, and increased originations, indicating robust financial health and effective capital management. However, there is a slight decline in NAV and an underperformance in a specific investment, Aimbridge Hospitality. Despite these challenges, the positive aspects significantly outweigh the lowlights.Company Guidance
During the Bain Capital Specialty Finance fourth quarter and full year 2024 earnings call, the guidance provided detailed several key financial metrics. The company reported a Q4 net investment income per share of $0.52, reflecting an annualized yield on book value of 11.8%, and a net investment income coverage of 124% over the regular dividend. Earnings per share for the quarter were $0.34, with an annualized return on book value of 7.8%. For the full year, the net investment income per share was $2.09, equating to an 11.8% return on equity, with earnings per share reaching $1.85, representing a total return on equity of 10.9%. The net asset value at year-end was $17.65 per share, slightly decreasing from the previous quarter. The company paid record dividends totaling $1.80 per share for the year, a 13% increase from 2023, and declared a first quarter 2025 dividend of $0.42 per share. Additionally, Bain Capital plans to distribute an extra $0.12 per share in 2025, across four quarterly payments, leveraging strong 2024 earnings. The company maintained a strong portfolio performance, with investments on non-accrual representing only 1.3% at cost and 0.2% at fair value. Bain Capital's investment strategy remains focused on first lien senior secured loans, with a weighted average spread of approximately 560 basis points, and a yield of 10.2% on new originations. The company also highlighted a robust liquidity position with total available liquidity of $170 million and a net leverage ratio of 1.13 times, falling within their target range.Strong Net Investment Income
Q4 net investment income per share was $0.52, representing an annualized yield on book value of 11.8%. Net investment income covered the regular dividend by 124%.
Record Dividends
Paid out record dividends totaling $1.80 per share for 2024, an increase of 13% from 2023's dividends.
Increased Originations
Originations in 2024 totaled over $6 billion for the broader platform and $1.7 billion for BCSF, more than doubling 2023 volumes.
Strong Portfolio Credit Quality
Investments on non-accrual decreased and represented 1.3% and 0.2% at amortized cost and fair value, respectively, as of December 31.
Effective Capital Management
Issued $350 million of unsecured notes maturing in March 2030 at a spread of 190 basis points, positioning well ahead of 2026 debt maturities.
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BCSF 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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BCSF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $18.47 | $19.07 | +3.25% |
| Nov 05, 2024 | $16.02 | $16.42 | +2.50% |
| Aug 06, 2024 | $15.00 | $14.63 | -2.47% |
| May 06, 2024 | $15.52 | $15.29 | -1.48% |
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 Bain Capital Specialty Finance (BCSF) report earnings?
Bain Capital Specialty Finance (BCSF) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Bain Capital Specialty Finance (BCSF) earnings time?
Bain Capital Specialty Finance (BCSF) earnings time is at May 12, 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 BCSF EPS forecast?
BCSF EPS forecast for the fiscal quarter 2025 (Q1) is 0.46.
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