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MidCap Financial Investment Corporation (MFIC)
NASDAQ:MFIC
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.4Last Year’s EPS
0.46Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 2.98%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements such as successful mergers and increased asset base, along with strong origination activity. However, challenges like below-target leverage and spread compression were noted. Overall, the positives and negatives were balanced.Company Guidance
During the Q3 2024 earnings call for MidCap Financial Investment Corporation (MFIC), the company provided several key financial metrics and insights into their strategic direction. The recent mergers with Apollo Senior Floating Rate Fund (AFT) and Apollo Tactical Income Fund (AIF) increased MFIC's net assets by over 40%, enabling $600 million in investment capacity. The net investment income per share for the quarter was $0.44, corresponding to an annualized return on equity of 11.5%. MFIC's net leverage stood at 1.16x, below their target, with plans to increase this over the coming quarters. The company reported a GAAP EPS of $0.31, and a net asset value per share of $15.10, down by $0.08 from the previous quarter, excluding a special cash distribution. The portfolio included $371 million in new commitments, with a weighted average spread of 533 basis points and a net leverage of 4.7x on new commitments. MFIC's directly originated lending portfolio yielded 11.6% at cost, with a first lien focus. The company also highlighted $18.7 billion in commitments closed by MidCap Financial over the past four quarters, supporting MFIC's investment strategy and growth outlook.Successful Mergers and Asset Growth
MFIC successfully closed its mergers with Apollo Senior Floating Rate Fund and Apollo Tactical Income Fund, increasing net assets by over 40%.
Strong Origination Activity
New commitments in the September quarter totaled $371 million, up 30% from the prior quarter, with a focus on first lien loans.
Healthy Financial Indicators
Economic growth continues at a healthy rate with strong recurring interest income from the predominantly floating rate portfolio.
Dividend Declaration
MFIC declared a quarterly dividend of $0.38 per share for shareholders of record as of December 10, 2024.
Extended Credit Facility
MFIC extended the maturity of its senior secured revolving credit facility to October 2029, with increased lender commitments.
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MidCap Financial Investment Corporation (MFIC) Earnings, Revenues Date & History
MFIC 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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MFIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $13.10 | $13.28 | +1.37% |
| Aug 07, 2024 | $12.32 | $12.62 | +2.44% |
| May 07, 2024 | $13.96 | $13.89 | -0.50% |
| Feb 26, 2024 | $12.50 | $13.01 | +4.08% |
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 MidCap Financial Investment Corporation (MFIC) report earnings?
MidCap Financial Investment Corporation (MFIC) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is MidCap Financial Investment Corporation (MFIC) earnings time?
MidCap Financial Investment Corporation (MFIC) earnings time is at Feb 25, 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 MFIC EPS forecast?
MFIC EPS forecast for the fiscal quarter 2024 (Q4) is 0.4.
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