Triangle Capital Corporation (TCAP) Set to Announce Earnings on Wednesday
Triangle Capital Corporation (NYSE:TCAP) is set to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Triangle Capital Corporation to post earnings of $0.44 per share for the quarter.
Triangle Capital Corporation (NYSE:TCAP) last issued its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share for the quarter, missing the Zacks’ 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 analyst estimates of $33.25 million. During the same period in the previous year, the company posted $0.49 earnings per share. Triangle Capital Corporation’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 12.40 on Tuesday. The firm has a market capitalization of $592.04 million, a P/E ratio of 25.78 and a beta of 0.91. Triangle Capital Corporation has a one year low of $12.35 and a one year high of $20.35. The firm has a 50-day moving average of $13.60 and a 200-day moving average of $16.01.
A number of analysts recently commented on TCAP shares. Zacks Investment Research lowered Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub lowered Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. ValuEngine upgraded Triangle Capital Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods cut Triangle Capital Corporation from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $20.50 to $18.00 in a report on Thursday, August 3rd. Finally, JMP Securities cut Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.86.
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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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