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Prospect Capital Corp. (PSEC)
NASDAQ:PSEC
Earnings Data
Report Date
Sep 02, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.13Last Year’s EPS
0.25Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 0.28%
|Next Earnings Date:Sep 02, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong net investment income, stable NAV, and low non-accruals, indicating a robust financial performance. However, there were concerns regarding the decline in payment in kind income and subdued other income from real estate, balanced by a strong balance sheet and diverse funding sources.Company Guidance
During the Prospect Capital Corporation's third fiscal quarter earnings call for 2025, several key financial metrics and guidance were highlighted. The company reported a net investment income (NII) of $83.5 million, equivalent to $0.19 per common share, and a net asset value (NAV) of $3.2 billion or $7.25 per common share as of March 31, 2025. The net debt to total assets ratio stood at 28.7%, while unsecured debt plus unsecured preferred accounted for 87.5% of total debt plus preferred. Prospect Capital announced monthly common shareholder distributions of $0.45 per share for May, June, July, and August 2025. The company's investment portfolio, valued at $6.9 billion, included 114 portfolio companies across 33 industries, with 65.5% in first lien debt, up 650 basis points from the previous year. Additionally, the company emphasized its focus on first lien senior secured loans, contributing $149 million in new investments out of $196 million in originations for the quarter. The remaining subordinated structured notes portfolio had a trailing 12-month average cash yield of 30.2% and an annualized GAAP yield of 4.4%. Prospect Capital's performing interest-bearing investments generated an annualized yield of 11.5% in March 2025, with interest income comprising 93% of total investment income. The company's balance sheet strength was underscored by $1.7 billion in combined balance sheet cash and undrawn revolving credit facility commitments, with $4.4 billion of assets as unencumbered, representing approximately 63% of the portfolio. The weighted average cost of unsecured debt financing was 4.33%, and the company maintained a ladder of liabilities extending 27 years into the future.Strong Net Investment Income
Net investment income (NII) for the March quarter was $83.5 million, or $0.19 per common share.
Stable Net Asset Value
Net Asset Value (NAV) was $3.2 billion, or $7.25 per common share as of March 31.
High Recurring Revenue
Interest income accounted for 93% of total investment income, indicating a strong recurring revenue profile.
Low Non-Accruals
Non-accruals as a percentage of total assets stood at approximately 0.6% in March.
Strong Balance Sheet and Liquidity
Combined balance sheet cash and undrawn revolving credit facility commitments were $1.7 billion as of March.
Diverse Funding Sources
Prospect Capital has $2.12 billion of commitments from 48 banks, showing strong support from the lender community.
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PSEC 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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PSEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $3.62 | $3.54 | -2.21% |
Feb 10, 2025 | $4.03 | $4.15 | +2.98% |
Nov 08, 2024 | $4.91 | $4.19 | -14.66% |
Aug 28, 2024 | $4.60 | $4.59 | -0.22% |
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 Prospect Capital Corp. (PSEC) report earnings?
Prospect Capital Corp. (PSEC) is schdueled to report earning on Sep 02, 2025, TBA Not Confirmed.
What is Prospect Capital Corp. (PSEC) earnings time?
Prospect Capital Corp. (PSEC) earnings time is at Sep 02, 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 PSEC EPS forecast?
PSEC EPS forecast for the fiscal quarter 2025 (Q4) is 0.13.
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