First Trust Senior Floating Rate Income Fund II Past Earnings Performance
Past criteria checks 2/6
First Trust Senior Floating Rate Income Fund II has been growing earnings at an average annual rate of 0.9%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 3.2% per year. First Trust Senior Floating Rate Income Fund II's return on equity is 10.1%, and it has net margins of 99.8%.
Key information
0.9%
Earnings growth rate
1.4%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | -3.2% |
| Return on equity | 10.1% |
| Net Margin | 99.8% |
| Last Earnings Update | 30 Nov 2023 |
Recent past performance updates
No updates
Recent updates
FCT: 11% Yield, Monthly Payer
Apr 14FCT: Protect Your Recent Gains And Boost Your Income With This Floater Fund
Jan 08FCT: Low Leverage Floating Rate Loan Fund, 11% Yield (Rating Upgrade)
Oct 10FCT: Low Leverage Floating Loan CEF, 8.2% Yield
Feb 17First Trust Senior Floating Rate Income Fund II declares $0.0695 dividend
Jan 23First Trust Senior Floating Rate Income Fund II declares $0.0695 dividend
Dec 20First Trust Senior Floating Rate Income Fund II goes ex-dividend on Monday
Sep 30First Trust Senior Floating Rate Income Fund II declares $0.072 dividend
Aug 22First Trust Senior Floating Rate Income Fund II declares goes ex dividend tomorrow
Jul 29FCT: Senior Loan Floating Rate Funds Make Sense Now
May 23First Trust Senior Floating Rate Income Fund II declares $0.0976 dividend
Jun 21First Trust Senior Floating Rate Income Fund II declares $0.105 dividend
Dec 21First Trust Senior Floating Rate Income Fund II declares $0.105 dividend
Nov 19Revenue & Expenses BreakdownBeta
How First Trust Senior Floating Rate Income Fund II makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Nov 23 | 29 | 29 | 3 | 0 |
| 31 Aug 23 | 28 | 22 | 3 | 0 |
| 31 May 23 | 26 | 14 | 3 | 0 |
| 28 Feb 23 | 24 | 2 | 3 | 0 |
| 30 Nov 22 | 23 | -9 | 4 | 0 |
| 31 Aug 22 | 21 | -10 | 4 | 0 |
| 31 May 22 | 20 | -11 | 4 | 0 |
| 28 Feb 22 | 20 | 3 | 4 | 0 |
| 30 Nov 21 | 20 | 18 | 4 | 0 |
| 31 Aug 21 | 20 | 28 | 4 | 0 |
| 31 May 21 | 20 | 38 | 4 | 0 |
| 28 Feb 21 | 21 | 20 | 4 | 0 |
| 30 Nov 20 | 22 | 3 | 4 | 0 |
| 31 Aug 20 | 24 | -3 | 4 | 0 |
| 31 May 20 | 26 | -8 | 4 | 0 |
| 29 Feb 20 | 27 | 6 | 4 | 0 |
| 30 Nov 19 | 29 | 20 | 5 | 0 |
| 31 Aug 19 | 29 | 15 | 5 | 0 |
| 31 May 19 | 29 | 10 | 5 | 0 |
| 28 Feb 19 | 28 | 10 | 5 | 0 |
| 30 Nov 18 | 27 | 10 | 5 | 0 |
| 31 Aug 18 | 27 | 12 | 5 | 0 |
| 31 May 18 | 27 | 14 | 5 | 0 |
| 28 Feb 18 | 27 | 16 | 5 | 0 |
| 30 Nov 17 | 28 | 18 | 5 | 0 |
| 31 Aug 17 | 28 | 23 | 5 | 0 |
| 31 May 17 | 29 | 29 | 5 | 0 |
| 28 Feb 17 | 28 | 31 | 5 | 0 |
| 30 Nov 16 | 28 | 34 | 5 | 0 |
| 31 Aug 16 | 29 | 20 | 5 | 0 |
| 31 May 16 | 29 | 5 | 5 | 0 |
| 29 Feb 16 | 30 | 2 | 5 | 0 |
| 30 Nov 15 | 30 | -1 | 5 | 0 |
| 31 Aug 15 | 30 | 8 | 5 | 0 |
| 31 May 15 | 30 | 16 | 5 | 0 |
| 28 Feb 15 | 30 | 15 | 5 | 0 |
| 30 Nov 14 | 29 | 15 | 5 | 0 |
| 31 Aug 14 | 29 | 17 | 5 | 0 |
| 31 May 14 | 30 | 20 | 5 | 0 |
| 28 Feb 14 | 31 | 24 | 6 | 0 |
| 30 Nov 13 | 32 | 28 | 6 | 0 |
| 31 Aug 13 | 32 | 35 | 5 | 0 |
| 31 May 13 | 33 | 42 | 5 | 0 |
Quality Earnings: FCT has a large one-off gain of $6.5M impacting its last 12 months of financial results to 30th November, 2023.
Growing Profit Margin: FCT became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FCT's earnings have grown by 0.9% per year over the past 5 years.
Accelerating Growth: FCT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FCT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.3%).
Return on Equity
High ROE: FCT's Return on Equity (10.1%) is considered low.