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Bain Capital Specialty Finance (BCSF)
NYSE:BCSF
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.47Last Year’s EPS
$0.54Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 8.58%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in terms of net investment income and gross originations, with stable credit quality and an attractive dividend yield. However, there was a noted decline in portfolio yield and an increase in the number of underperforming investments. Despite these challenges, the positive aspects significantly outweighed the negatives.Company Guidance
During the Bain Capital Specialty Finance Q3 2024 earnings call, the company reported robust financial metrics. Key highlights included a net investment income per share of $0.53, representing an 11.9% annualized yield on book value, and earnings per share of $0.51, yielding an 11.5% annualized return on equity. The net asset value per share increased to $17.76, up 0.3% from the previous quarter. Gross originations soared by 278% year-over-year, totaling $413 million, while net investment fundings reached $165 million. Furthermore, the Board declared a $0.45 per share dividend for Q4, translating to a 10.1% annualized rate on ending book value. The portfolio's weighted average yield stood at 12.1%, with leverage ratios of 1.14x gross and 1.09x net, positioning the company advantageously to capitalize on future market opportunities.Strong Earnings Performance
Q3 net investment income per share was $0.53, representing an annualized yield of 11.9% on book value. Earnings per share were $0.51, or an annualized return on equity of 11.5%.
Increased Gross Originations
Gross originations during Q3 were $413 million, up 278% year-over-year and approximately 35% from Q2 levels.
Stable Credit Quality
Investments on nonaccrual remain low at 1.1% of the total portfolio at fair value. Credit risk rating trends were stable, with only 4% of the portfolio underperforming.
Attractive Dividend Yield
Declared total Q4 dividends of $0.45 per share, representing a 10.1% annualized rate on ending book value as of September 30, 2024.
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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 |
|---|---|---|---|
| Nov 05, 2024 | $16.44 | $16.84 | +2.43% |
| Aug 06, 2024 | $15.38 | $15.00 | -2.47% |
| May 06, 2024 | $15.92 | $15.68 | -1.51% |
| Feb 27, 2024 | $14.32 | $14.32 | 0.00% |
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 Mar 04, 2025, TBA Not Confirmed.
What is Bain Capital Specialty Finance (BCSF) earnings time?
Bain Capital Specialty Finance (BCSF) earnings time is at Mar 04, 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 2024 (Q4) is $0.47.
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