Analysts Expect Triangle Capital Corporation (TCAP) to Post $0.41 EPS
Equities research analysts forecast that Triangle Capital Corporation (NYSE:TCAP) will post $0.41 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Triangle Capital Corporation’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.39. Triangle Capital Corporation posted earnings per share of $0.42 in the same quarter last year, which would suggest a negative year over year growth rate of 2.4%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, November 1st.
According to Zacks, 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 year, analysts anticipate that the firm will report earnings of $1.72 per share, with EPS estimates ranging from $1.54 to $1.88. Zacks’ EPS calculations are a mean 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 quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $31.20 million during the quarter, compared to the consensus estimate of $33.25 million. Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS.
Several equities analysts have recently commented on TCAP shares. Jefferies Group LLC restated a “buy” rating and issued a $18.00 price objective (down from $23.00) on shares of Triangle Capital Corporation in a report on Wednesday, August 9th. ValuEngine upgraded shares of Triangle Capital Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Hilliard Lyons upgraded shares of Triangle Capital Corporation from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, October 18th. Keefe, Bruyette & Woods set a $18.00 price objective on shares of Triangle Capital Corporation and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, Zacks Investment Research upgraded shares of Triangle Capital Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Triangle Capital Corporation presently has an average rating of “Hold” and a consensus price target of $17.86.
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Shares of Triangle Capital Corporation (NYSE TCAP) traded down 0.40% during mid-day trading on Monday, reaching $12.45. 131,444 shares of the company’s stock traded hands. The stock has a market capitalization of $594.43 million, a PE ratio of 25.88 and a beta of 0.91. Triangle Capital Corporation has a 12-month low of $12.39 and a 12-month high of $20.35. The company’s 50-day moving average price is $13.62 and its 200-day moving average price is $16.09.
A number of institutional investors have recently added to or reduced their stakes in TCAP. State of New Jersey Common Pension Fund D lifted its holdings in Triangle Capital Corporation by 262.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,450,000 shares of the credit services provider’s stock worth $20,706,000 after buying an additional 1,050,000 shares in the last quarter. Novare Capital Management LLC acquired a new stake in Triangle Capital Corporation during the 2nd quarter worth approximately $3,554,000. Muzinich & Co. Inc. lifted its holdings in Triangle Capital Corporation by 8.8% during the 2nd quarter. Muzinich & Co. Inc. now owns 1,946,091 shares of the credit services provider’s stock worth $34,290,000 after buying an additional 157,458 shares in the last quarter. Bank of America Corp DE lifted its holdings in Triangle Capital Corporation by 567.9% during the 1st quarter. Bank of America Corp DE now owns 169,483 shares of the credit services provider’s stock worth $3,236,000 after buying an additional 144,106 shares in the last quarter. Finally, First Personal Financial Services acquired a new stake in Triangle Capital Corporation during the 2nd quarter worth approximately $1,908,000. Institutional investors own 31.39% of the company’s stock.
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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