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Rand Capital (RAND)
:RAND
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.54Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: -12.51%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in investment income, successful strategic monetization and portfolio shifts towards a more stable, income-generating structure. Despite facing a challenging economic environment and a decrease in overall portfolio value, the company demonstrated strong financial health and commitment to shareholder value through increased dividends and strategic debt reduction.Company Guidance
In the fourth quarter of fiscal year 2024, Rand Capital Corporation reported a total investment income increase of 11%, reaching $2.1 million, with a full-year investment income of $8.6 million, up by 17% from the previous year. This growth was primarily driven by expanding their debt investment portfolio, which now makes up 75% of their $71 million portfolio, compared to 64% in 2023, yielding an annualized weighted average yield of 13.8%. Net asset value per share rose by 7% year-over-year to $25.31. Rand strategically monetized select equity investments, generating approximately $27 million in cash proceeds, which helped reduce outstanding bank debt by $15.7 million. They declared total dividends of $5.03 per share for the year, including a $4.20 per share dividend in Q4, influenced by the successful sale of SciAps. The company also announced a regular quarterly cash dividend of $0.29 per share for Q1 2025. With strong liquidity, over $24 million in available credit facilities, and a focus on income-generating assets, Rand is well-positioned for future growth, despite potential macroeconomic challenges.Strong Investment Income Growth
Total investment income rose 11% in the fourth quarter to $2.1 million and grew 17% for the full year to $8.6 million, driven by the focus on expanding the debt investment portfolio.
Increased Net Asset Value
Net asset value per share increased by 7% year-over-year, reaching $25.31 at year end.
Successful Portfolio Monetization
Generated approximately $27 million in cash proceeds from strategic monetization of equity investments, including the sale of SciAps.
Debt-Focused Portfolio Strategy
Shifted to a more income-generating portfolio, with debt investments now comprising 75% of the portfolio, up from 64% in 2023.
Dividend Increase
Regular quarterly cash dividend increased by 16% in the second quarter, with total dividends declared for the year reaching $5.03 per share.
Strategic Debt Reduction
Reduced outstanding bank debt by $15.7 million during the year, with $24 million available in credit facilities for future growth.
High Yield on Debt Investments
Annualized weighted average yield of debt investments was 13.8% as of December 31, 2024, an increase of 20 basis points over 2023.
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RAND 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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RAND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 10, 2025 | $21.75 | $19.19 | -11.77% |
| Nov 06, 2024 | $13.28 | $13.24 | -0.30% |
| Aug 06, 2024 | $13.70 | $13.72 | +0.15% |
| May 13, 2024 | $11.14 | $11.50 | +3.23% |
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 Rand Capital (RAND) report earnings?
Rand Capital (RAND) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Rand Capital (RAND) earnings time?
Rand Capital (RAND) earnings time is at May 05, 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 RAND EPS forecast?
Currently, no data Available
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