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Sound Point Meridian Capital, Inc. (SPMC)
:SPMC
Earnings Data
Report Date
Aug 14, 2025TBA Not Confirmed
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -3.42%
|Next Earnings Date:Aug 14, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong quarter for SPMC with significant growth in net investment income, an increase in net asset value, and successful investments in CLO warehouses. The company experienced record-breaking CLO issuance and announced an increased dividend. While there were slight decreases in GAAP yield and impacts from rate cuts, the positive aspects of the company's performance and market position outweigh the negatives.Company Guidance
During the third fiscal quarter ended December 31, 2024, Sound Point Meridian Capital reported strong financial results, with net investment income (NII) of $12.5 million, or $0.62 per common share. The net realized gain on exited investments was $0.10 per share, while dividends paid during the quarter amounted to $0.66 per share. The net asset value (NAV) per share increased to $20.52 from $19.59 as of September 30, primarily due to CLO resets and mark-to-market increases. The company deployed approximately $43.4 million across eight CLO warehouse investments and closed six new warehouses with an amortized cost of $66.7 million and a weighted average GAAP yield of 15.4%. Additionally, they priced two new warehouses, committing to purchase two CLO equity positions at a cost of $28.4 million. The portfolio's weighted average GAAP yield was 15.2%, slightly down from 15.7% on September 30, due to loan repricings in the underlying CLO portfolios. The company declared monthly income distributions of $0.24 per share, representing an annualized dividend yield of 13.8%. As of December 31, 2024, total assets were $523.4 million, net assets were $415.9 million, and outstanding debt was 18.6% of total assets. The fair value of the investment portfolio stood at $503.7 million, with available liquidity of $19.7 million. Market activity for corporate loans and CLO equity was notably high, with primary loan activity reaching $400 billion in Q4 and new CLO issuance volume hitting $60 billion. Sound Point Meridian Capital remains optimistic about continuing to leverage its investment strategy to drive attractive risk-adjusted returns for shareholders.Strong Net Investment Income
SPMC delivered net investment income of $12.5 million or $0.62 per common share for the third fiscal quarter.
Increase in Net Asset Value
Net asset value per share increased to $20.52 from $19.59, driven by value created from resets of CLOs and mark-to-market increases.
Successful CLO Warehouse Investments
Approximately $43.4 million was deployed in eight CLO warehouse investments, generating six new equity positions with an amortized cost of $66.7 million and a weighted average GAAP yield of 15.4%.
Record CLO Issuance and Activity
New CLO issuance volume was $60 billion in Q4, contributing to a record annual issuance of $202 billion. CLO refinancing and reset activity was also strong, with $84 billion in refinancing and $223 billion in reset activity for the year.
Higher Dividend Announced
Monthly distributions for calendar Q2 2025 were announced at $0.25 per share, representing a 4.2% increase over Q1 2025.
Low Default Rates
The trailing 12-month default rate remained low at 1.5%, below the long-term average of 2.8%.
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Sound Point Meridian Capital, Inc. (SPMC) Earnings, Revenues Date & History
SPMC 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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SPMC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $20.77 | $21.31 | +2.60% |
| Nov 13, 2024 | $19.18 | $19.18 | 0.00% |
| Aug 15, 2024 | $18.46 | $18.58 | +0.65% |
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 Sound Point Meridian Capital, Inc. (SPMC) report earnings?
Sound Point Meridian Capital, Inc. (SPMC) is schdueled to report earning on Aug 14, 2025, TBA Not Confirmed.
What is Sound Point Meridian Capital, Inc. (SPMC) earnings time?
Sound Point Meridian Capital, Inc. (SPMC) earnings time is at Aug 14, 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 SPMC EPS forecast?
Currently, no data Available
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