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WhiteHorse Finance (WHF)
:WHF
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.4Last Year’s EPS
0.46Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -11.36%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive aspects such as exceeding dividend payments and maintaining a high level of first lien loans. However, significant challenges were noted, including a decline in NAV, increased nonaccrual investments, and difficult market conditions, leading to a balanced sentiment.Company Guidance
During the WhiteHorse Finance Third Quarter 2024 Earnings Call, executives provided a detailed overview of their financial performance and market conditions. Key metrics included a Q3 GAAP net investment income and core NII of $9.2 million or $0.394 per share, surpassing the quarterly base dividend of $0.385 per share, though slightly below Q2's $9.3 million or $0.40 per share. The net asset value (NAV) per share decreased by 5.1% to $12.77, impacted by $15.9 million in net markdowns on the investment portfolio, primarily due to American Crafts and Honors Holdings. Gross capital deployments were $51 million, resulting in net deployments of $20.8 million after $30.2 million in repayments and sales. The weighted average effective yield on debt investments declined to 13.1% from 13.8% in Q2, while nonaccrual investments increased to 5.6% of the debt portfolio. Additionally, the company announced a special distribution of $0.245 per share, resulting in estimated spillback income of $26.8 million.Net Investment Income Exceeds Dividend
Q3 GAAP net investment income and core NII was $9.2 million or $0.394 per share, which exceeded the quarterly base dividend of $0.385 per share.
High Level of First Lien Loans
99% of the debt portfolio is first lien, senior secured, with a portfolio mix of approximately 63% sponsor and 37% non-sponsor.
Continued Strong JV Performance
The STRS JV's portfolio had an aggregate fair value of $309.8 million and continues to provide attractive returns, generating a mid-teens return on equity.
High Weighted Average Effective Yield
The weighted average effective yield on income-producing debt investments was 13.1% at the end of Q3.
Strong Capacity for New Assets
The BDC balance sheet has approximately $45 million of capacity for new assets and the JV has approximately $90 million of capacity.
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WHF 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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WHF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $11.27 | $11.17 | -0.89% |
| Aug 08, 2024 | $10.73 | $10.29 | -4.10% |
| May 08, 2024 | $11.31 | $11.64 | +2.92% |
| Feb 29, 2024 | $10.69 | $10.71 | +0.19% |
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 WhiteHorse Finance (WHF) report earnings?
WhiteHorse Finance (WHF) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is WhiteHorse Finance (WHF) earnings time?
WhiteHorse Finance (WHF) earnings time is at Feb 27, 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 WHF EPS forecast?
WHF EPS forecast for the fiscal quarter 2024 (Q4) is 0.4.
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