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Sound Point Meridian Capital, Inc. (SPMC)
NYSE:SPMC
Earnings Data
Report Date
Aug 14, 2025TBA Not Confirmed
Period Ending
2026 (Q2)Consensus EPS Forecast
0.61Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 29, 2025
|% Change Since: -3.83%
|Next Earnings Date:Aug 14, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong investment income and a diversified portfolio strategy as highlights, but also significant challenges such as unrealized losses, a decrease in net asset value, and market volatility affecting performance.Company Guidance
During the earnings call for Sound Point Meridian Capital Inc, the company reported a net investment income (NII) of $13.4 million or $0.66 per share for the fourth fiscal quarter ended March 31, 2025. The net realized loss on exited investments was $0.08 per common share, while dividends paid during the quarter were $0.72 per share. The net asset value per share decreased to $18.78 from $20.52 on December 31, mainly due to unrealized losses attributed to uncertainties from a new administration's tariff rollout and reduced government spending. The company deployed approximately $70.6 million across six CLO warehouse investments and recorded NII of $2.22 per share for the year, compared to distributions of $2.08 per share. As of March 31, the weighted average GAAP yield on the CLO equity portfolio was 14.0%, down from 15.2% as of December 31, due to loan repricings. The company's portfolio was diversified across 75 CLO investments managed by 23 CLO managers. A two-year $100 million revolving credit facility at SOFR plus 3.75% was secured, alongside a $57.5 million Series A preferred offering with an 8% stated rate. As of March 31, B. Riley Principal Capital II LLC had purchased approximately 5,700 shares, generating about $113,000 in net proceeds. The company announced stable monthly distributions of $0.25 per share for Q3 2025, unchanged from Q2 2025.Strong Net Investment Income
For the fiscal fourth quarter ended March 31, 2025, Sound Point Meridian Capital generated net investment income (NII) of $13.4 million or $0.66 per share.
Diversified Portfolio Strategy
The portfolio is diversified across 75 CLO investments, managed by 23 CLO managers, with over 1,500 loan issuers across 30 plus industries, providing effective risk management.
Strong Demand for Newly Issued CLOs
Demand for newly issued CLOs remained strong in the first quarter, with CLO creations reaching $153 billion through March 31, marking the second largest quarterly activity in CLO 2.0 history.
Liquidity and Credit Facilities
The company entered into a two-year $100 million revolving credit facility and issued a $57.5 million Series A preferred offering, enhancing financial flexibility.
Sound Point Meridian Capital, Inc. (SPMC) Earnings, Revenues Date & History
SPMC 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
SPMC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 29, 2025 | $17.75 | $17.95 | +1.13% |
Feb 12, 2025 | $19.72 | $20.24 | +2.64% |
Nov 13, 2024 | $18.22 | $18.21 | -0.05% |
Aug 15, 2024 | $17.52 | $17.64 | +0.68% |
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 Sound Point Meridian Capital, Inc. (SPMC) report earnings?
Sound Point Meridian Capital, Inc. (SPMC) is schdueled to report earning on Aug 14, 2025, TBA Not Confirmed.
What is Sound Point Meridian Capital, Inc. (SPMC) earnings time?
Sound Point Meridian Capital, Inc. (SPMC) earnings time is at Aug 14, 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 SPMC EPS forecast?
SPMC EPS forecast for the fiscal quarter 2026 (Q2) is 0.61.