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Crescent Capital BDC (CCAP)
NASDAQ:CCAP
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.48Last Year’s EPS
0.59Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: -6.30%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
Crescent Capital BDC showcased strong portfolio management and dividend consistency, supported by a diversified and sponsor-backed portfolio. However, the quarter was marked by a decline in net investment income, increased non-accruals, and market volatility due to tariff announcements, which tempered growth prospects.Company Guidance
During Crescent Capital BDC's first-quarter 2025 earnings call, the company provided guidance highlighting a net investment income (NII) of $16.6 million, or $0.45 per share, which marked a decrease from the previous quarter's $20.5 million, or $0.55 per share. This decline was attributed to lower base rates, the roll-off of non-recurring items, reduced dividend income from the Logan JV, and an increase in loans on non-accrual to 3.5% and 1.8% of debt investments at cost and fair value, respectively. The company's investments totaled over $1.6 billion across 191 companies, with a focus on diversification and first lien loans comprising 91% of the portfolio. Crescent declared a regular dividend of $0.42 per share for the second quarter and a special dividend of $0.05 per share. Despite market volatility, the company remains focused on disciplined underwriting and long-term stability, maintaining a weighted average portfolio risk rating of 2.1. The guidance also noted potential tailwinds from portfolio leverage and facility repricing.Portfolio Diversification and Stability
Crescent Capital BDC ended the quarter with over $1.6 billion of investments across a diversified portfolio of 191 companies, maintaining a focus on first lien loans which constitute 91% of the portfolio. The diversification helps mitigate the impact of one-off credit events.
Dividend Consistency
Crescent Capital declared a second quarter 2025 regular dividend of $0.42 per share and a special dividend of $0.05 per share. The company has consistently earned its dividends since inception, marking the 37th consecutive quarter of regular dividend earnings.
Strong Sponsor Backing
99% of Crescent Capital's debt portfolio is in sponsor-backed companies. The portfolio is supported by well-capitalized private equity sponsors, ensuring a weighted average loan-to-value of 39%.
Attractive New Investments
Gross deployment in Q1 totaled $105 million, with 98% in first lien investments. New investments have a weighted average spread of 565 basis points, reflecting attractive opportunities.
Capitalization and Liquidity Management
Crescent Capital adjusted its SPV asset facility from $500 million to $400 million, reducing the spread by 50 basis points, which helps minimize interest expenses.
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CCAP 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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CCAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | $16.66 | $15.94 | -4.32% |
Feb 19, 2025 | $19.46 | $18.54 | -4.73% |
Nov 12, 2024 | $17.29 | $17.85 | +3.24% |
Aug 12, 2024 | $16.60 | $16.41 | -1.14% |
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 Crescent Capital BDC (CCAP) report earnings?
Crescent Capital BDC (CCAP) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Crescent Capital BDC (CCAP) earnings time?
Crescent Capital BDC (CCAP) 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 CCAP EPS forecast?
CCAP EPS forecast for the fiscal quarter 2025 (Q2) is 0.48.
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