TCP Capital Corp. (TCPC) Scheduled to Post Quarterly Earnings on Tuesday
TCP Capital Corp. (NASDAQ:TCPC) will be announcing its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.38 per share for the quarter.
TCP Capital Corp. (NASDAQ:TCPC) last issued its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. The firm had revenue of $46.23 million for the quarter, compared to analysts’ expectations of $40.37 million. TCP Capital Corp. had a net margin of 54.74% and a return on equity of 12.93%. On average, analysts expect TCP Capital Corp. to post $1.59 EPS for the current fiscal year and $1.59 EPS for the next fiscal year.
Shares of TCP Capital Corp. (NASDAQ TCPC) opened at 16.26 on Tuesday. TCP Capital Corp. has a 52 week low of $15.33 and a 52 week high of $17.47. The company has a 50-day moving average of $16.31 and a 200-day moving average of $16.68.
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Several brokerages have commented on TCPC. Zacks Investment Research upgraded shares of TCP Capital Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub cut shares of TCP Capital Corp. from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Keefe, Bruyette & Woods set a $18.00 price target on shares of TCP Capital Corp. and gave the stock a “buy” rating in a research report on Friday, October 6th. National Bank Financial upgraded shares of TCP Capital Corp. from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 7th. Finally, National Securities upgraded shares of TCP Capital Corp. from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $17.00 to $19.00 in a research report on Monday, August 7th. One equities 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 a consensus rating of “Buy” and a consensus price target of $18.25.
About TCP Capital Corp.
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.
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