Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Pennantpark Investment Corp. (PNNT)
NYSE:PNNT
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.19Last Year’s EPS
0.22Same Quarter Last Year
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: 1.13%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong investment opportunities and portfolio growth, particularly in the joint venture segment. However, challenges remain with net investment income not covering dividends, high nonaccruals, and slow equity rotation. Despite the positive aspects, these issues present significant concerns.Company Guidance
During PennantPark Investment Corporation's first fiscal quarter of 2025 earnings call, key metrics were disclosed in relation to the company's financial performance and portfolio management. For the quarter ending December 31, the GAAP and core net investment income stood at $0.20 per share, slightly below the $0.24 quarterly dividend. Despite this, the company has $65 million or $0.99 per share of undistributed spillover income. The portfolio was valued at $1.3 billion, with $296 million invested in 12 new and 61 existing companies at a weighted average yield of 10.6%. The portfolio's weighted average debt-to-EBITDA ratio was 4x, with a weighted average interest coverage of 2.2x. Additionally, the JV portfolio grew to $1.3 billion, and investments in the JV yielded an 18.4% return on invested capital. The company reported two nonaccruals, representing 4.3% of the portfolio at cost and 1.5% at market value. These metrics reflect PennantPark's commitment to strategic investment and capital preservation in the core middle market.Attractive Investment Opportunities and Portfolio Growth
During the quarter, $296 million was invested in 12 new and 61 existing portfolio companies at a weighted average yield of 10.6%. The portfolio's weighted average leverage ratio was 4.9x, with an interest coverage of 1.9x.
Strong Performance of Joint Venture (JV) Portfolio
The JV portfolio grew to $1.3 billion, with an 18.4% return on invested capital over the last 12 months. The JV has the capacity to increase its portfolio to $1.6 billion.
Positive Financial Metrics
GAAP and adjusted NAV increased by 0.1% to $7.57 per share from $7.56. The weighted average yield on debt investments was 12%.
Low Loss Ratio on Investments
Since inception, PNNT has invested $8.6 billion at an average yield of 11.3% with a loss ratio on invested capital of approximately 20 basis points annually.
---
PNNT 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
---
PNNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $7.11 | $7.06 | -0.70% |
| Nov 25, 2024 | $6.71 | $6.68 | -0.45% |
| Aug 07, 2024 | $6.30 | $6.36 | +0.95% |
| May 08, 2024 | $6.48 | $6.62 | +2.16% |
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.
---
FAQ
When does Pennantpark Investment Corp. (PNNT) report earnings?
Pennantpark Investment Corp. (PNNT) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Pennantpark Investment Corp. (PNNT) earnings time?
Pennantpark Investment Corp. (PNNT) 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 PNNT EPS forecast?
PNNT EPS forecast for the fiscal quarter 2025 (Q2) is 0.19.
---