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MSC Income Fund, Inc. (MSIF)
NYSE:MSIF
RESEARCH TOOLSreports
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.36Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 19, 2025
|% Change Since: 0.89%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights a successful equity offering and listing on the NYSE, improved fee structures, and a strong investment pipeline. However, these are tempered by depreciation in the private loan portfolio, a decrease in net investment income, and ongoing market uncertainty.Company Guidance
During the call, MSC Income Fund provided guidance on several key metrics for their fourth quarter and full year 2024. The Fund reported a net investment income per share of $0.35 for the fourth quarter, which led to the declaration of a regular quarterly dividend of $0.35 per share and a supplemental quarterly dividend of $0.01 per share, both payable on May 1st. The Fund's net asset value (NAV) per share increased by $0.15 from the prior quarter to $15.53. The annualized return on equity (ROE) was 13.2% for the fourth quarter and 9.1% for the full year. The Fund's private loan portfolio ended the quarter with a fair value of $678 million, representing 58% of the total investment portfolio, and a weighted average yield of 12%. The lower middle market portfolio had a fair value of $436 million, making up 37% of the total investment portfolio, with a weighted average yield of 13% on debt investments. The Fund's regulatory asset coverage ratio stood at 2.1, with a net debt to NAV ratio of 0.86. Looking ahead, the Fund aims to maintain a fully invested position and expects to expand its regulatory leverage capacity in January 2026, which could further enhance its ROE.Successful Equity Offering and NYSE Listing
The Fund's equity offering was upsized and accelerated, resulting in increased liquidity and a clear path to additional debt capacity, providing significant opportunities for growth in 2025 and 2026.
Dividend Declaration and Yield
The Fund declared a regular quarterly dividend of $0.35 per share and a supplemental quarterly dividend of $0.01 per share, providing a dividend yield of approximately 8.5%.
Improved Fee Structure
Post-listing, the Fund reduced its annual base management fee from 1.75% to 1.5% and reduced the NII incentive fee from 20% to 17.5%, improving return on equity.
Strong Investment Pipeline
The private loan investment pipeline is characterized as above average, with significant positive progress seen in recent weeks.
Support from Main Street Capital Corporation
Main Street has purchased over $21 million of equity in the Fund and entered into an open market share purchase plan, demonstrating commitment to the Fund's success.
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MSIF Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
| May 12, 2025 | 2025 (Q1) | 0.264 | ― | ― | ― | ||
| Mar 19, 2025 | 2024 (Q4) | 0.533 | -34.33% (-0.18) | ― | ― |
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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MSIF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 19, 2025 | $16.86 | $16.92 | +0.36% |
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 MSC Income Fund, Inc. (MSIF) report earnings?
MSC Income Fund, Inc. (MSIF) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is MSC Income Fund, Inc. (MSIF) earnings time?
MSC Income Fund, Inc. (MSIF) 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 MSIF EPS forecast?
MSIF EPS forecast for the fiscal quarter 2025 (Q1) is 0.36.
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