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Palmer Square Capital BDC Inc. (PSBD)
NYSE:PSBD
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -14.39%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While the company demonstrated strong capital deployment, a successful IPO, and maintained an attractive dividend yield, there were challenges such as a reduction in dividends, net realized and unrealized losses, and a decrease in NAV per share.Company Guidance
During the call, Palmer Square Capital BDC provided guidance emphasizing their solid performance in the fourth quarter and full year of 2024, highlighting key metrics and strategic focuses. The company deployed $171.8 million of capital in the fourth quarter, generating total and net investment income of $34.9 million and $14.8 million, respectively, with a net investment income of $0.45 per share. They declared a $0.48 per share dividend, inclusive of a $0.06 supplemental distribution. Notably, Palmer Square Capital BDC reported a January 31 NAV per share of $16.70, showcasing their unique transparency in monthly NAV disclosure. The portfolio's fair value reached approximately $1.41 billion, with a focus on maintaining high credit quality and diversification across 38 industries. They also recalibrated their base dividend to $0.36 for the first quarter of 2025, reflecting a strategic approach to market conditions and future opportunities. Despite facing an evolving macroeconomic landscape with spread tightening and interest rate volatility, the company remains confident in their ability to navigate these challenges by leveraging their experience in both broadly syndicated public debt and large private credit investments.Strong Capital Deployment
During the fourth quarter, Palmer Square Capital BDC deployed $171.8 million of capital, contributing to a total net investment income of $14.8 million.
Successful IPO and Market Positioning
Palmer Square Capital BDC successfully launched its IPO in January 2024, becoming the only publicly-traded BDC with a portfolio spanning both broadly syndicated public debt and large private credit investments, offering enhanced transparency.
Attractive Dividend Yield
As of December 31, 2024, Palmer Square Capital BDC provided an annualized dividend yield of 11.6% on a portfolio focused on first lien, floating rate liquid loans.
Low Nonaccruals and PIK Income
The portfolio had only 0.08% of fair value in nonaccrual loans and approximately 1.96% of total investment income from PIK income, both well below industry averages.
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PSBD 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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PSBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $14.87 | $15.00 | +0.87% |
| Nov 05, 2024 | $15.08 | $15.11 | +0.20% |
| Aug 08, 2024 | $14.90 | $14.93 | +0.20% |
| May 07, 2024 | $14.81 | $14.74 | -0.47% |
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 Palmer Square Capital BDC Inc. (PSBD) report earnings?
Palmer Square Capital BDC Inc. (PSBD) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Palmer Square Capital BDC Inc. (PSBD) earnings time?
Palmer Square Capital BDC Inc. (PSBD) 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 PSBD EPS forecast?
PSBD EPS forecast for the fiscal quarter 2025 (Q1) is 0.44.
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