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Portman Ridge Finance Corporation (PTMN)
NASDAQ:PTMN
US Market
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Portman Ridge Finance (PTMN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 06, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
0.65
Last Year’s EPS
1.19
Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Nov 06, 2018
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% Change Since: -9.24%
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Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call showed a mixed performance with notable improvements in debt capital structure and a high annualized return. However, there were declines in investment income and net asset value, and persistent non-accrual investments.
Company Guidance
During the third quarter earnings call of Portman Ridge Finance Corporation, the executives provided comprehensive guidance on various metrics, highlighting strategic financial maneuvers and their impact on the company's performance. The company successfully refinanced its 2018-2 secured notes, leading to net spread savings of approximately 28 basis points and a projected reduction in interest expense of around $265,000, equating to $0.03 per share. This refinancing was facilitated by extending the maturity of the JPM credit facility while reducing the spread by 30 basis points. Additionally, Portman Ridge repurchased 33,429 shares for about $600,000, enhancing the net asset value (NAV) by $0.01 per share. The Board approved a $0.69 per share distribution for Q4, indicating a 13.6% annualized return on NAV. The debt investment portfolio, valued at $341 million at fair value, was 92.9% first lien loans. Non-accrual investments comprised 1.6% of the portfolio at fair value, with a potential $27.3 million incremental NAV value assuming par recovery. Despite a decrease in total investment income from $16.3 million in Q2 to $15.2 million in Q3, the company maintained a strong focus on prudent cash management and portfolio optimization to navigate the current economic landscape.
Debt Capital Structure Improvements
Portman Ridge extended the maturity of the JPM credit facility while reducing the spread by 30 basis points. They refinanced $85 million of 2018-2 secured notes, resulting in further net spread savings of approximately 28 basis points.
Share Repurchase Program
The company repurchased 33,429 shares in the open market for an aggregate cost of approximately $600,000, which is accretive to NAV by $0.01 a share.
High Annualized Return
The Board of Directors approved a $0.69 per share distribution for the fourth quarter of 2024, representing a 13.6% annualized return on net asset value.
Diversified Investment Portfolio
The investment portfolio includes 72 unique portfolio companies across 28 industries, with 92.9% comprised of first lien loans at par value.
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Portman Ridge Finance (PTMN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

PTMN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 01, 20182018 (Q2)
- / -0.30
0.7-142.86% (-1.00)
Nov 06, 20182018 (Q3)
- / 0.80
0.714.29% (+0.10)
Feb 26, 20192018 (Q4)
- / 1.50
0.7114.29% (+0.80)
May 10, 20192019 (Q1)
- / -0.60
0.7-185.71% (-1.30)
Aug 06, 20192019 (Q2)
- / 0.20
-0.3166.67% (+0.50)
Nov 07, 20192019 (Q3)
- / -1.10
0.8-237.50% (-1.90)
Mar 06, 20202019 (Q4)
- / 2.30
1.553.33% (+0.80)
May 07, 20202020 (Q1)
- / 0.60
-0.6200.00% (+1.20)
Aug 06, 20202020 (Q2)
- / 0.60
0.2200.00% (+0.40)
Nov 09, 20202020 (Q3)
- / 0.60
-1.1154.55% (+1.70)
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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PTMN Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024$17.74$17.21-2.99%
Aug 08, 2024$17.73$17.30-2.43%
May 08, 2024$17.42$17.78+2.07%
Mar 13, 2024$16.37$16.13-1.47%
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 Portman Ridge Finance Corporation (PTMN) report earnings?
Portman Ridge Finance Corporation (PTMN) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
    What is Portman Ridge Finance Corporation (PTMN) earnings time?
    Portman Ridge Finance Corporation (PTMN) earnings time is at Mar 06, 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 PTMN EPS forecast?
          PTMN EPS forecast for the fiscal quarter 2024 (Q4) is 0.65.
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