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Crescent Capital BDC (CCAP)
NASDAQ:CCAP
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.53Last Year’s EPS
0.63Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -12.14%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed a mix of positive performance in dividend coverage, investment activity, and liquidity management, alongside challenges like declining net investment income, NAV decrease, and external risks. The balanced highlights and lowlights suggest a stable but cautious outlook.Company Guidance
In the recent earnings call for Crescent Capital BDC, Inc. (CCAP), several key metrics and strategic insights were shared. The company reported a net investment income (NII) of $0.55 per share for the fourth quarter of 2024, translating to an annualized NII return on equity of 11%. This represents a decrease from $0.64 in the prior quarter, attributed to a lower investment portfolio yield and reduced non-recurring income. CCAP's net asset value (NAV) decreased by $0.22 to $19.98 per share, driven by changes in unrealized marks, with a year-over-year NAV per share decline of 0.3%. The portfolio ended the year with approximately $1.6 billion in investments across 185 companies. The portfolio is highly diversified, with 90% consisting of first lien loans and 99% backed by sponsor-backed companies. The weighted average portfolio grade remained stable at 2.1, with 87% of investments performing at or above expectations. Non-accruals were below industry average, representing 0.9% of total debt investments at fair value. The company declared a regular dividend of $0.42 per share for Q1 2025, continuing its trend of stable or increasing dividends since 2015. Additionally, they announced a series of special dividends but did not declare a supplemental distribution for the quarter. The management expressed optimism about the M&A environment for 2025, citing a favorable economic outlook and significant private equity dry powder.Strong Dividend Coverage
CCAP's net investment income (NII) of $0.55 per share covered the base dividend by 131% for the fourth quarter.
Stable Investment Portfolio
The portfolio consisted of 90% first lien loans and remained well-diversified across 20 industries, with 99% of the debt portfolio sponsor-backed.
Increased Investment Activity
Gross deployment in Q4 was $127 million, with 98% in first lien investments, and net deployment was $21 million.
Low Non-Accrual Levels
Non-accruals represented 0.9% of total debt investments at fair value and 2.2% of cost, below industry average.
Improved Liquidity and Maturity Extension
The SMBC revolver maturity extended to December 2029, and $150 million in new senior unsecured notes were priced, reducing maturity concentration in 2026.
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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 |
|---|---|---|---|
| Feb 19, 2025 | $19.94 | $19.00 | -4.71% |
| Nov 12, 2024 | $17.72 | $18.29 | +3.22% |
| Aug 12, 2024 | $17.01 | $16.81 | -1.18% |
| May 08, 2024 | $16.21 | $16.50 | +1.79% |
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 May 07, 2025, TBA Not Confirmed.
What is Crescent Capital BDC (CCAP) earnings time?
Crescent Capital BDC (CCAP) earnings time is at May 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 CCAP EPS forecast?
CCAP EPS forecast for the fiscal quarter 2025 (Q1) is 0.53.
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