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Pennantpark Floating Rate Capit (PFLT)
:PFLT
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.29Last Year’s EPS
0.31Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: 0.00%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a solid performance with significant portfolio growth, successful capital raising, and strong credit quality. However, challenges such as a decline in NAV, market volatility, and realized and unrealized losses temper the optimism. Overall, the positive aspects of growth and financial stability are somewhat balanced by the negative impacts of market conditions.Company Guidance
During the PennantPark Floating Rate Capital earnings call for the second fiscal quarter of 2025, management provided comprehensive guidance and key financial metrics. The company reported a core net investment income of $0.28 per share, which would have been $0.30 per share adjusted for additional shares issued during the quarter. The portfolio grew to $2.3 billion, up 7% from the previous quarter, with investments totaling $293 million at a weighted average yield of 9.9%. The debt-to-equity ratio was 1.3 times, with a weighted average yield on debt investments of 10.5%. Approximately 80% of originations came from existing borrowers, reflecting the strength and stability of their platform. The company also highlighted its financial resilience, with significant steps taken to enhance liquidity, including a $361 million securitization financing with a weighted average spread of 1.59%. Additionally, the portfolio's weighted average debt to EBITDA was 4.2 times, and the interest coverage ratio was 2.3 times. Despite market volatility, the company remains optimistic about future opportunities, with significant available capital totaling approximately $850 million, positioning them well for both defensive and offensive strategies moving forward.Strong Portfolio Growth
The portfolio grew to $2.3 billion, up 7% from the prior quarter, with $293 million invested in three new and 54 existing portfolio companies at a weighted average yield of 9.9%.
Successful Capital Raising
Over the last 12 months, PFLT raised $163 million through the ATM program and increased leverage capacity by $750 million, leading to over $500 million of available capital.
Low Nonaccruals and Strong Credit Quality
Nonaccruals were reduced to 1% of the portfolio at cost and 0.5% at market value post-quarter end, with a low pay-in-kind income of 3% of total interest income.
Robust Net Investment Income
Core net investment income was $0.28 per share, adjusted to $0.30 per share considering additional shares issued, comfortably covering the dividend.
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PFLT 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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PFLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2025 | $10.11 | $10.03 | -0.79% |
Feb 10, 2025 | $10.63 | $10.96 | +3.10% |
Nov 25, 2024 | $10.40 | $10.44 | +0.38% |
Aug 07, 2024 | $9.76 | $9.80 | +0.41% |
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 Pennantpark Floating Rate Capit (PFLT) report earnings?
Pennantpark Floating Rate Capit (PFLT) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Pennantpark Floating Rate Capit (PFLT) earnings time?
Pennantpark Floating Rate Capit (PFLT) 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 PFLT EPS forecast?
PFLT EPS forecast for the fiscal quarter 2025 (Q3) is 0.29.
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