PennantPark Floating Rate Capital Past Earnings Performance
Past criteria checks 2/6
PennantPark Floating Rate Capital has been growing earnings at an average annual rate of 21.9%, while the Capital Markets industry saw earnings growing at 7.8% annually. Revenues have been growing at an average rate of 12.2% per year. PennantPark Floating Rate Capital's return on equity is 12.1%, and it has net margins of 59.2%.
Key information
21.9%
Earnings growth rate
11.0%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 12.2% |
| Return on equity | 12.1% |
| Net Margin | 59.2% |
| Next Earnings Update | 25 Nov 2024 |
Recent past performance updates
Recent updates
PFLT: High Monthly Income, But Coverage Looking Pressured
Nov 07PennantPark Floating Rate Capital: Weak Dividend Coverage Offset By Increased Investment Activity
Oct 25PFLT: Dividend Coverage Of 103% Is Safer Than It Seems
Aug 20PFLT: Is This 10% Dividend Income Suitable For You
Jul 17PennantPark Floating Rate Capital: Q2 Proves Again That It Is One Of The Best BDCs Out There
May 13PennantPark Floating Rate Capital: A More Reliable Alternative To PNNT
Apr 29PennantPark Floating Rate Capital: When Being Conservative Pays Off
Feb 22PennantPark Floating Rate Capital: One Of My Favorite BDCs, But Market Liquidity Risks Rising
Feb 02PennantPark Floating Rate Capital: Time To Sell This 10% Yielding BDC (Downgrade)
Jan 12PFLT: This BDC Yields Above 10% Despite The Conservative Characteristics
Dec 24PennantPark Floating Rate Capital: Strong Fiscal Q4 Earnings
Dec 10PennantPark Floating Rate: Will There Be Another Dividend Raise?
Nov 21PennantPark Floating Rate: A Fat 11.3% Yield
Sep 14PennantPark Floating Rate Capital: Floating Rate 11% Yield, Earnings Up, But...
Aug 18BlackRock Or PennantPark For Solid 12% Yield?
Jul 05PennantPark Floating Rate Capital: An 11.5% Yield Paid Monthly And At A Small Discount
May 30PennantPark NII of $0.30 in-line, total investment income of $31.34M beats by $1.8M
Feb 08PennantPark declares $0.095 dividend
Feb 02PennantPark Floating Rate Capital falls 7% on primary stock offering
Jan 23PennantPark FQ4 2022 Earnings Preview
Nov 15PennantPark declares $0.095 dividend
Nov 03PennantPark declares $0.095 dividend
Oct 04PennantPark Floating Rate Capital upsizes credit facility to $366M
Sep 21PennantPark declares $0.095 dividend
Sep 02PennantPark declares $0.095 dividend
Jul 05PennantPark: 10% Yield, 14% Discount, Monthly Payer, Benefits From Rising Rates
Jun 24Head-To-Head High Yield Comparison: PennantPark
Apr 17PennantPark Floating Rate Capital: Slow And Steady 8.76% Yield
Feb 02PennantPark Floating Rate: A Monthly Dividend Payer On Fair Value
Jan 25PennantPark Floating Rate Capital Is Set To Underperform
Oct 12PennantPark Floating Rate: This Overlooked Gem Is A Buy, Here's Why
Jul 29PennantPark Floating Rate Capital names new finance chief
Jun 21PennantPark Floating Rate Capital 2021 Q2 - Results - Earnings Call Presentation
May 06PennantPark Floating Rate Capital: Don't Count Your Chickens Before They Hatch
May 03PennantPark declares $0.095 dividend
Feb 02PennantPark declares $0.095 dividend
Jan 05PennantPark declares $0.095 dividend
Dec 022 Dividend Stocks To Buy With Improving Book Values, Both From PennantPark
Nov 29PennantPark NII beats by $0.01, misses on total investment income
Nov 18PennantPark Floating Rate Capital: The Market Is Contradicting Itself When It Comes To BDCs
Nov 11PennantPark declares $0.095 dividend
Nov 03Revenue & Expenses Breakdown
How PennantPark Floating Rate Capital 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 Jun 24 | 167 | 99 | 39 | 0 |
| 31 Mar 24 | 156 | 87 | 37 | 0 |
| 31 Dec 23 | 146 | 63 | 35 | 0 |
| 30 Sep 23 | 139 | 39 | 33 | 0 |
| 30 Jun 23 | 132 | -2 | 31 | 0 |
| 31 Mar 23 | 120 | -13 | 29 | 0 |
| 31 Dec 22 | 110 | -13 | 27 | 0 |
| 30 Sep 22 | 105 | 3 | 27 | 0 |
| 30 Jun 22 | 98 | 21 | 23 | 0 |
| 31 Mar 22 | 93 | 40 | 22 | 0 |
| 31 Dec 21 | 88 | 45 | 20 | 0 |
| 30 Sep 21 | 83 | 57 | 18 | 0 |
| 30 Jun 21 | 83 | 69 | 20 | 0 |
| 31 Mar 21 | 85 | 67 | 21 | 0 |
| 31 Dec 20 | 92 | 35 | 24 | 0 |
| 30 Sep 20 | 95 | 18 | 25 | 0 |
| 30 Jun 20 | 98 | 9 | 25 | 0 |
| 31 Mar 20 | 98 | 1 | 25 | 0 |
| 31 Dec 19 | 94 | 16 | 24 | 0 |
| 30 Sep 19 | 93 | 11 | 20 | 0 |
| 30 Jun 19 | 90 | 15 | 19 | 0 |
| 31 Mar 19 | 87 | 16 | 17 | 0 |
| 31 Dec 18 | 81 | 37 | 15 | 0 |
| 30 Sep 18 | 72 | 33 | 15 | 0 |
| 30 Jun 18 | 65 | 33 | 16 | 0 |
| 31 Mar 18 | 60 | 38 | 17 | 0 |
| 31 Dec 17 | 57 | 29 | 16 | 0 |
| 30 Sep 17 | 55 | 36 | 17 | 0 |
| 30 Jun 17 | 53 | 41 | 17 | 0 |
| 31 Mar 17 | 49 | 45 | 15 | 0 |
| 31 Dec 16 | 47 | 41 | 15 | 0 |
| 30 Sep 16 | 43 | 33 | 13 | 0 |
| 30 Jun 16 | 39 | 19 | 9 | 0 |
| 31 Mar 16 | 35 | 10 | 8 | 0 |
| 31 Dec 15 | 32 | 14 | 8 | 0 |
| 30 Sep 15 | 30 | 13 | 7 | 0 |
| 30 Jun 15 | 31 | 14 | 8 | 0 |
| 31 Mar 15 | 31 | 14 | 8 | 0 |
| 31 Dec 14 | 31 | 15 | 8 | 0 |
| 30 Sep 14 | 30 | 21 | 9 | 0 |
| 30 Jun 14 | 28 | 24 | 9 | 0 |
| 31 Mar 14 | 25 | 20 | 8 | 0 |
| 31 Dec 13 | 22 | 16 | 7 | 0 |
Quality Earnings: PFLT has a high level of non-cash earnings.
Growing Profit Margin: PFLT became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PFLT's earnings have grown significantly by 21.9% per year over the past 5 years.
Accelerating Growth: PFLT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PFLT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (13.4%).
Return on Equity
High ROE: PFLT's Return on Equity (12.1%) is considered low.