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Palmer Square Capital BDC Inc. (PSBD)
NYSE:PSBD
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.47Last Year’s EPS
0.57Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2024
|% Change Since: 2.52%
|Next Earnings Date:Feb 28, 2024
Earnings Call Sentiment|Positive
The earnings call highlighted strong earnings growth, robust dividend yields, and a well-diversified portfolio with low non-accruals and PIK income. However, there were challenges such as a decrease in NAV, increased expenses, and realized and unrealized losses. Despite these challenges, the positive aspects, particularly the strong earnings and strategic market positioning, suggest a generally positive outlook.Company Guidance
During the Palmer Square Capital BDC's Third Quarter 2024 Earnings Call, a comprehensive overview of financial performance and market positioning was provided. The company reported deploying $66 million in capital, generating a total net investment income of $37.3 million, reflecting a year-over-year growth of 30%. The net investment income per share was $0.48, with a declared dividend of $0.47 per share, including a $0.05 supplemental distribution. PSBD's portfolio, valued at approximately $1.39 billion across 39 industries, exhibited strong credit quality and diversification, with a NAV per share of $16.61, a slight decrease of 1% from Q2. The firm's portfolio yield stood at 11.3% as of September 30, 2024, and the weighted average total yield to maturity was 10.48% at fair value. The report highlighted robust credit performance, with PIK income remaining low at 0.5% and emphasized strategic adjustments in the portfolio to capitalize on market opportunities, including a growing allocation to large-cap private credit. The management also detailed a proactive approach to navigating the evolving interest rate environment and maintaining disciplined underwriting standards to ensure continued strong financial performance.Strong Third Quarter Earnings
PSBD delivered strong third quarter earnings results with total net investment income of $37.3 million, marking a 30% year-over-year growth, and net investment income of $0.48 per share.
Robust Dividend Yield
The company paid a $0.47 per share third quarter total dividend, including a $0.05 supplemental distribution, and offered an annualized dividend yield of 11.3% as of September 30.
Portfolio Diversification
PSBD's portfolio had a fair value of approximately $1.39 billion across 39 industries, with a 96% senior secured loan portfolio and a weighted average total yield to maturity of debt and income-producing securities at fair value of 10.48%.
Low Non-Accruals and PIK Income
The portfolio had only 0.26% of fair value in non-accruals and PIK income at approximately 0.5% of total investment income, both significantly below industry averages.
Positive Market Positioning
The company is well-positioned for the evolving market environment with a focus on large, high-quality borrowers and a strategic allocation towards private credit for potential NAV appreciation.
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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 |
|---|---|---|---|
| Nov 05, 2024 | $15.50 | $15.53 | +0.19% |
| Aug 08, 2024 | $15.31 | $15.35 | +0.26% |
| May 07, 2024 | $15.22 | $15.15 | -0.46% |
| Feb 28, 2024 | $14.23 | $14.54 | +2.18% |
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 Feb 26, 2025, TBA Not Confirmed.
What is Palmer Square Capital BDC Inc. (PSBD) earnings time?
Palmer Square Capital BDC Inc. (PSBD) earnings time is at Feb 26, 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 2024 (Q4) is 0.47.
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