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CION Investment Corp (CION)
NYSE:CION
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.33Last Year’s EPS
0.42Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 0.82%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed sentiment with notable achievements such as increased net investment income, strong credit performance, and strategic share repurchases. However, these are balanced by challenges like a decline in net asset value, decreased investment income, and macroeconomic uncertainties affecting valuations. The sentiment is balanced between positive and negative factors.Company Guidance
During the first quarter of 2025, CION Investment Corporation reported a net investment income of $0.36 per share, covering their base dividend with a slight increase from the previous quarter. However, the net asset value (NAV) declined to $14.28 from $15.43, primarily due to fair value adjustments on certain portfolio companies like David's Bridal and Anthem Sports. The credit performance of the portfolio remained strong, with non-accruals at 1.2% of the portfolio at fair value. The company repurchased approximately 186,000 shares at an average price of $11.68, and 70% of the share repurchase program was completed by the end of the quarter. The portfolio, mostly focused on the U.S. middle market, had a weighted average yield of 12.1% on debt and other income-producing investments. Additionally, the net debt to equity ratio stood at 1.39x, and the company declared a second-quarter base distribution of $0.36 per share.Quarterly Net Investment Income Increase
CION reported $0.36 in quarterly net investment income for the first quarter, covering the base dividend and representing a slight increase from the prior quarter.
Strong Portfolio Credit Performance
Non-accruals in the portfolio remain relatively low at 1.2% of the portfolio at fair value, and the credit performance of the portfolio is considered strong amidst a changing economic environment.
Share Repurchase Program
CION repurchased approximately 186,000 shares of common stock at an average price of $11.68 during the quarter.
New Investment Commitments
CION made approximately $65 million in new investment commitments across one new and 12 existing portfolio companies, with 94% being first lien loans.
Flexible and Strong Balance Sheet
CION ended the first quarter with over $1 billion in unencumbered assets, strong debt service capacity, and solid liquidity with over $60 million in cash and short-term investments.
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CION 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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CION Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $9.74 | $9.37 | -3.80% |
Mar 13, 2025 | $11.64 | $11.14 | -4.30% |
Nov 07, 2024 | $11.08 | $10.67 | -3.70% |
Aug 08, 2024 | $10.52 | $10.83 | +2.95% |
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 CION Investment Corp (CION) report earnings?
CION Investment Corp (CION) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is CION Investment Corp (CION) earnings time?
CION Investment Corp (CION) earnings time is at Aug 07, 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 CION EPS forecast?
CION EPS forecast for the fiscal quarter 2025 (Q2) is 0.33.
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