TCP Capital Corp. (NASDAQ:TCPC) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.37-0.39 for the period, compared to the Thomson Reuters consensus estimate of $0.38.

Shares of TCP Capital Corp. (NASDAQ:TCPC) traded down 0.12% on Monday, hitting $16.26. 107,131 shares of the stock traded hands. TCP Capital Corp. has a 52 week low of $15.33 and a 52 week high of $17.47. The stock has a 50 day moving average price of $16.31 and a 200-day moving average price of $16.69.

TCP Capital Corp. (NASDAQ:TCPC) last issued its earnings results on Thursday, August 3rd. The investment management company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. The firm had revenue of $46.23 million during the quarter, compared to analyst estimates of $40.37 million. TCP Capital Corp. had a net margin of 54.74% and a return on equity of 12.93%. On average, equities analysts predict that TCP Capital Corp. will post $1.58 earnings per share for the current fiscal year.

A number of brokerages have commented on TCPC. National Securities upgraded shares of TCP Capital Corp. from a neutral rating to a buy rating and upped their price objective for the company from $17.00 to $19.00 in a report on Monday, August 7th. BidaskClub downgraded shares of TCP Capital Corp. from a sell rating to a strong sell rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods set a $18.00 price objective on shares of TCP Capital Corp. and gave the company a buy rating in a report on Friday, October 6th. Zacks Investment Research upgraded shares of TCP Capital Corp. from a sell rating to a hold rating in a report on Thursday, July 13th. Finally, National Bank Financial upgraded shares of TCP Capital Corp. from a sector perform rating to an outperform rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $18.25.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at

TCP Capital Corp. Company Profile

TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds.

Earnings History and Estimates for TCP Capital Corp. (NASDAQ:TCPC)

Receive News & Ratings for TCP Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCP Capital Corp. and related companies with's FREE daily email newsletter.