Stellus Capital Investment (SCM)
NYSE:SCM
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.26Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: operationally the company shows stable income generation, a largely secured and floating-rate portfolio, prudent leverage, a strategic adviser partnership that could materially expand origination, and an opportunistic $20 million buyback. Offsetting these positives are a quarter NAV decline driven by markdowns on two debt positions, an elevated (and slightly increased) non‑accrual level representing 9.2% of cost / 5.2% of fair value, modest realized gain activity, and management's expectation that the dividend will likely be reduced to align with sustainable NII plus realized gains. Management communicated plans and timelines to reduce non‑accruals and grow the portfolio, but near-term credit resolution and dividend sustainability remain key risks.Company Guidance
Stable Income Generation
GAAP net investment income of $0.26 per share and core net investment income of $0.27 per share for the quarter; total realized income of $0.29 per share (includes $0.75 million gain on one equity position).
Portfolio Composition and Credit Protections
At quarter end, $990 million fair value portfolio across 116 companies (down from $1.01 billion at 12/31/2025); 99% of loans are senior secured and 92% are floating rate; average loan size ~$9 million, largest investment $18.5 million.
Asset Quality Largely On Plan
81% of portfolio (by fair value) rated 1 or 2 (on or ahead of plan) while 19% rated 3 or below; management describes overall asset quality as 'slightly better than planned.'
Strategic Distribution & Capital Actions
Declared Q2 dividend of $0.34 per share payable monthly; announced up to $20 million common share repurchase program as shares trade at ~25% discount to NAV.
Growth Opportunity via Adviser Partnership
Adviser (Stellus Capital Management) joining Ridge Post Capital platform this summer — RCP relationships with >200 private equity firms and expected lower-middle-market origination that management estimates could provide 'hundreds of millions' of new lending opportunities annually across the Stellus platform.
Capacity to Expand Portfolio
Management projects capacity to increase the investment portfolio by $75–$100 million, citing a likely third SBIC license this summer and the ability to recycle cash from equity realizations and resolved non‑accruals (leverage can amplify reinvestment).
Prudent Leverage Position
Regulatory leverage around ~1x (and slightly less than 2x including SBA debentures), providing balance sheet flexibility and borrowing headroom subject to borrowing base constraints.
Pipeline Spread Environment
Management reports stabilization in spreads with average new-deal spreads around ~5.5% over SOFR in the pipeline (competitive but steady).
Life-to-Date Track Record
Since IPO (Nov 2012) invested ~ $2.8 billion in 250+ companies, received ~$1.8 billion of repayments, and paid $339 million of dividends (equivalent to $18.49 per share to an IPO investor).
SCM 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
SCM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $9.47 | $9.39 | -0.84% |
Mar 11, 2026 | $9.24 | $8.51 | -7.92% |
Nov 10, 2025 | $10.98 | $11.31 | +2.99% |
Aug 06, 2025 | $12.77 | $12.95 | +1.43% |
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.
FAQ
When does Stellus Capital Investment (SCM) report earnings?
Stellus Capital Investment (SCM) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Stellus Capital Investment (SCM) earnings time?
Stellus Capital Investment (SCM) earnings time is at Aug 12, 2026, Before Open (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 SCM EPS forecast?
SCM EPS forecast for the fiscal quarter 2026 (Q2) is 0.26.