Triangle Capital Corporation (TCAP) Scheduled to Post Quarterly Earnings on Wednesday
Triangle Capital Corporation (NYSE:TCAP) will announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.44 per share for the quarter.
Triangle Capital Corporation (NYSE:TCAP) last posted its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share for the quarter, missing the 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 business had revenue of $31.20 million during the quarter, compared to the consensus estimate of $33.25 million. During the same period in the prior year, the company posted $0.49 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, analysts expect Triangle Capital Corporation to post $1.67 EPS for the current fiscal year and $1.74 EPS for the next fiscal year.
Shares of Triangle Capital Corporation (NYSE TCAP) opened at 12.92 on Wednesday. The company has a market capitalization of $616.87 million, a PE ratio of 26.86 and a beta of 0.91. The stock has a 50 day moving average price of $13.67 and a 200 day moving average price of $16.18. Triangle Capital Corporation has a 52-week low of $12.47 and a 52-week high of $20.35.
A number of research analysts recently weighed in on the company. National Securities decreased their target price on Triangle Capital Corporation from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday. Zacks Investment Research lowered Triangle Capital Corporation from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Hilliard Lyons raised Triangle Capital Corporation from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, October 18th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Triangle Capital Corporation in a report on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods set a $18.00 target price on Triangle Capital Corporation and gave the stock a “hold” rating in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Triangle Capital Corporation has an average rating of “Hold” and a consensus price target of $17.86.
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About Triangle Capital Corporation
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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