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Oxford Square Capital Corp (OXSQ)
NASDAQ:OXSQ
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.13Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 3.27%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While there were some improvements in the U.S. loan market and an increase in primary market issuance, the company faced challenges such as a decline in net investment income, net asset value per share, and an increase in investment losses.Company Guidance
During the Oxford Square Capital Corp. Third Quarter 2024 Earnings Call, the company reported a net investment income of approximately $6.2 million or $0.10 per share, down from $7.7 million or $0.13 per share in the previous quarter. The net asset value per share decreased from $2.43 to $2.35. Total investment income for the quarter was $10.3 million, a decrease from $11.4 million in the prior quarter. The company also experienced combined net unrealized and realized losses on investments of $7.1 million or $0.11 per share, compared to $2.5 million or $0.04 per share in the previous quarter. Investment activities included purchases of approximately $47.7 million and repayments of approximately $27.9 million. Additionally, the board declared monthly distributions of $0.035 per share for January, February, and March 2025. The U.S. loan market showed modest improvement, with the Morningstar LSTA US Leveraged Loan Index rising slightly, and primary market issuance increasing by 45% compared to the same quarter last year.Improved U.S. Loan Market Performance
U.S. loan market performance modestly improved versus the prior quarter with the Morningstar LSTA US Leveraged Loan Index increasing from 96.54% of par to 96.71% of par.
Decrease in Distress Ratio
The distress ratio decreased from 4.42% at the end of the second quarter to 3.43% by the end of the third quarter.
Increase in US Leveraged Loan Primary Market Issuance
US Leveraged Loan primary market issuance increased by 45% compared to the same quarter the previous year, driven by higher non-refinancing issuance.
Board Declared Monthly Distributions
The Board declared monthly distributions of $0.035 per share for January, February, and March of 2025.
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OXSQ 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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OXSQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $2.75 | $2.75 | 0.00% |
| Aug 13, 2024 | $2.77 | $2.78 | +0.36% |
| May 02, 2024 | $2.92 | $2.84 | -2.74% |
| Mar 15, 2024 | $2.71 | $2.67 | -1.48% |
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 Oxford Square Capital Corp (OXSQ) report earnings?
Oxford Square Capital Corp (OXSQ) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Oxford Square Capital Corp (OXSQ) earnings time?
Oxford Square Capital Corp (OXSQ) earnings time is at Feb 27, 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 OXSQ EPS forecast?
OXSQ EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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