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Barings BDC (BBDC)
NYSE:BBDC
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.26Last Year’s EPS
0.4Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 3.56%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with strong financial and portfolio performance, including significant origination activity and a strategic move to terminate the Credit Support Agreement. However, challenges such as a slight decline in yield, macroeconomic uncertainties affecting decision-making, and expected reduction in transaction activity were also highlighted.Company Guidance
During the call, Barings BDC Inc. provided detailed guidance on its financial performance and strategic initiatives for the first quarter of fiscal year 2025. The company reported net originations exceeding $100 million and a net asset value per share of $11.29, consistent with the previous quarter. Net investment income was $0.25 per share, and the board declared a second quarter dividend of $0.26 per share, along with a special dividend of $0.05, resulting in an 11% distribution yield based on March's net asset value. The portfolio's weighted average yield at fair value was 10.1%, down slightly from the previous quarter, while non-accruals stood at 0.6% at fair value. The company also highlighted the termination of the Credit Support Agreement related to the MVC Capital transaction, with a $23 million payment to be used for income-producing investments, enhancing core earnings power. The company emphasized its focus on middle market credit and defensive sectors, with 74% of its portfolio in secured investments, 71% of which are first lien securities, and maintaining a strong interest coverage ratio of 2.4 times. Additionally, Barings BDC Inc. discussed its strategic investments, including Eclipse Business Capital and Recade Holdings, and its commitment to optimizing the portfolio by rotating assets into Barings-originated investments.Strong Origination Activity
Net originations of more than $100 million during the first quarter, supported by a benign credit environment and a focus on top of the capital structure investments.
Termination of Credit Support Agreement
Board accepted a proposal to terminate the Credit Support Agreement related to the MVC capital transaction for $23 million, allowing capital to be rotated into income-producing investments.
Solid Financial Performance
Net asset value per share was $11.29, unchanged from the prior quarter, and net investment income per share was $0.25.
Strong Portfolio Performance
Non-accrual rate of 60 basis points at fair value, well below industry averages, indicating strong credit performance.
Dividend Consistency
Second quarter dividend of $0.26 per share declared, along with a $0.15 supplemental dividend, equating to an 11% yield based on March's net asset value.
BBDC 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
BBDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $8.70 | $8.56 | -1.61% |
Feb 20, 2025 | $10.18 | $10.45 | +2.65% |
Nov 06, 2024 | $9.24 | $9.25 | +0.11% |
Aug 07, 2024 | $8.70 | $9.18 | +5.52% |
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.
FAQ
When does Barings BDC (BBDC) report earnings?
Barings BDC (BBDC) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Barings BDC (BBDC) earnings time?
Barings BDC (BBDC) earnings time is at Aug 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 BBDC EPS forecast?
BBDC EPS forecast for the fiscal quarter 2025 (Q2) is 0.26.