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Stellus Capital (SCM)
NYSE:SCM
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.36Last Year’s EPS
0.48Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: 4.75%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive investment activity and portfolio growth against challenges such as reduced net asset value per share, non-accrual loans, and difficulties in covering dividends with net investment income. Despite strong asset management and potential for equity gains, the current economic factors and specific company challenges weigh on the outlook.Company Guidance
In the recent earnings call, Stellus Capital Investment Corporation provided guidance for the upcoming quarters. They expect their portfolio size to remain approximately $985 million by the end of the second quarter of 2025, with new loan originations balancing out repayments. The company highlighted a strong first quarter for equity issuance under its ATM program, with 656,085 shares issued at an average price of $14.11, all above net asset value. Stellus Capital also declared a dividend of $0.40 per share for the second quarter, with an expectation to maintain this rate in the third quarter, subject to Board approval. The potential for over $10 million in equity gains by year-end was noted. Furthermore, Stellus Capital received a green light letter from the Small Business Administration for Stellus Capital SBIC III, anticipating continued leverage use under this license for portfolio investments. They also issued $75 million in principal amount notes at 7.25% due 2030 to repay a bank facility, indicating strategic efforts to manage capital structure effectively.Investment Activity and Portfolio Growth
In the first quarter, Stellus Capital invested $46.7 million in seven new portfolio companies, increasing the investment portfolio at fair value from $953.5 million to $991.1 million across 110 companies.
Equity Co-Investment Portfolio Potential
The company has an equity co-investment portfolio valued at $83 million with the potential for more than $10 million of equity gains by the end of the year.
Positive Asset Quality and Loan Security
98% of loans were secured, with 91% priced at floating rates, and the overall asset quality was slightly better than planned, with a decrease in non-accrual loans from the prior quarter.
Successful Equity Issuance
The ATM program was active, issuing 656,085 shares for $9.3 million at an average gross price of $14.11, all above net asset value.
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 12, 2025 | $13.05 | $12.90 | -1.15% |
Mar 04, 2025 | $14.67 | $13.41 | -8.59% |
Nov 07, 2024 | $12.95 | $12.85 | -0.77% |
Aug 07, 2024 | $12.40 | $12.52 | +0.97% |
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 (SCM) report earnings?
Stellus Capital (SCM) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Stellus Capital (SCM) earnings time?
Stellus Capital (SCM) earnings time is at Jul 30, 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 SCM EPS forecast?
SCM EPS forecast for the fiscal quarter 2025 (Q2) is 0.36.