Analysts Expect Triangle Capital Corporation (TCAP) to Post $0.41 Earnings Per Share
Equities analysts predict that Triangle Capital Corporation (NYSE:TCAP) will announce $0.41 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Triangle Capital Corporation’s earnings, with estimates ranging from $0.40 to $0.44. Triangle Capital Corporation posted earnings of $0.42 per share in the same quarter last year, which suggests a negative year over year growth rate of 2.4%. The company is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, November 1st.
On average, analysts expect that Triangle Capital Corporation will report full year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.62 to $1.71. For the next financial year, analysts anticipate that the business will post earnings of $1.75 per share, with EPS estimates ranging from $1.55 to $1.88. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Triangle Capital Corporation.
Triangle Capital Corporation (NYSE:TCAP) last announced its earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Triangle Capital Corporation had a net margin of 16.92% and a return on equity of 10.51%. The company had revenue of $31.20 million during the quarter, compared to the consensus estimate of $33.25 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis.
A number of equities analysts have commented on TCAP shares. Aegis started coverage on Triangle Capital Corporation in a research note on Monday, June 26th. They issued a “buy” rating on the stock. Hilliard Lyons raised Triangle Capital Corporation from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Monday, June 26th. ValuEngine raised Triangle Capital Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price target (down from $23.00) on shares of Triangle Capital Corporation in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods set a $18.00 price target on Triangle Capital Corporation and gave the stock a “hold” rating in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Triangle Capital Corporation presently has an average rating of “Hold” and a consensus price target of $18.36.
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Shares of Triangle Capital Corporation (TCAP) traded up 0.5762% during mid-day trading on Wednesday, reaching $13.9298. The company had a trading volume of 19,981 shares. The firm has a market capitalization of $665.08 million, a PE ratio of 28.9601 and a beta of 0.92. Triangle Capital Corporation has a 12-month low of $12.84 and a 12-month high of $20.35. The stock has a 50 day moving average price of $13.76 and a 200 day moving average price of $16.58.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 13.00%. The ex-dividend date of this dividend was Friday, September 1st. Triangle Capital Corporation’s payout ratio is 346.16%.
Large investors have recently made changes to their positions in the business. UBS Group AG raised its stake in Triangle Capital Corporation by 47.7% during the first quarter. UBS Group AG now owns 831,395 shares of the credit services provider’s stock valued at $15,872,000 after buying an additional 268,535 shares during the last quarter. BB&T Securities LLC raised its stake in Triangle Capital Corporation by 74.5% during the second quarter. BB&T Securities LLC now owns 157,181 shares of the credit services provider’s stock valued at $2,770,000 after buying an additional 67,097 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Triangle Capital Corporation by 649.1% during the first quarter. JPMorgan Chase & Co. now owns 16,795 shares of the credit services provider’s stock valued at $321,000 after buying an additional 14,553 shares during the last quarter. First Personal Financial Services purchased a new position in Triangle Capital Corporation during the second quarter valued at $1,908,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Triangle Capital Corporation by 13.2% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 309,630 shares of the credit services provider’s stock valued at $5,455,000 after buying an additional 36,111 shares during the last quarter. Institutional investors and hedge funds own 31.36% of the company’s stock.
Triangle Capital Corporation Company Profile
Triangle Capital Corporation is an internally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that provides customized financing to lower middle market companies located primarily in the United States. The Company’s investment objective is to seek attractive returns by generating current income from its debt investments and capital appreciation from its equity-related investments.
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