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Bain Capital Specialty Finance (BCSF)
NYSE:BCSF
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.44Last Year’s EPS
0.51Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 2.89%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a generally strong performance with solid income and dividend coverage, robust credit quality, and strategic positioning for future volatility. However, there are challenges, including a decrease in investment income, decline in originations, and some realized and unrealized losses.Company Guidance
In the recent earnings call for Bain Capital Specialty Finance, the company reported solid first-quarter results for the fiscal year 2025, ending March 31. The net investment income per share was $0.50, indicating an annualized yield on book value of 11.3%, with a dividend coverage of 119%. Earnings per share stood at $0.44, reflecting an annualized return on book value of 10.0%. The net asset value per share slightly decreased by $0.01 from the previous quarter to $17.64. The Board declared a second-quarter dividend of $0.42 per share, plus an additional $0.03 per share, resulting in a total dividend yield of 10.2% on ending value. The company noted a 31% year-over-year decline in gross originations amounting to $277 million amidst competitive market conditions. Its investment portfolio, valued at $2.5 billion, earned a weighted average yield of 11.5%, with 93% of debt investments at floating rates. The company's net leverage ratio at quarter-end was 1.17x, supported by strong liquidity of $823 million. The management highlighted their strategic focus on middle-market borrowers and sectors like software, healthcare, and business services, ensuring resilience against market volatility.Solid First Quarter Results
Q1 net investment income per share was $0.50, representing an annualized yield on book value of 11.3%. Q1 earnings per share were $0.44, reflecting an annualized return on book value of 10.0%.
Strong Dividend Coverage
Net investment income was well in excess of the regular dividend, with 119% dividend coverage. The Board declared a second-quarter dividend of $0.42 per share, plus an additional dividend of $0.03 per share.
High Quality Interest Income
The results were driven by high-quality interest income earned from middle-market borrowers and stable credit performance across the portfolio.
Robust Portfolio and Credit Quality
Investments on non-accrual represented only 1.4% at amortized cost and 0.7% at fair value. Risk rating 1 and 2 investments comprised 95% of the portfolio.
Well-Positioned for Volatility
Net leverage ratio was 1.17x, within the target range of 1.0x to 1.25x, providing ample dry powder in the current environment.
Unsecured Notes Issuance
Issued $350 million of unsecured notes maturing in March 2030 at a spread of 190 basis points, swapped to floating notes at SOFR plus 190 basis points.
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BCSF 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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BCSF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | $15.24 | $15.33 | +0.59% |
Feb 27, 2025 | $17.97 | $18.56 | +3.28% |
Nov 05, 2024 | $15.59 | $15.97 | +2.44% |
Aug 06, 2024 | $14.59 | $14.23 | -2.47% |
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 Bain Capital Specialty Finance (BCSF) report earnings?
Bain Capital Specialty Finance (BCSF) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Bain Capital Specialty Finance (BCSF) earnings time?
Bain Capital Specialty Finance (BCSF) earnings time is at Aug 12, 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 BCSF EPS forecast?
BCSF EPS forecast for the fiscal quarter 2025 (Q2) is 0.44.
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