Equities analysts expect Triangle Capital Co. (NYSE:TCAP) to announce $28.71 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Triangle Capital’s earnings, with the highest sales estimate coming in at $29.45 million and the lowest estimate coming in at $28.06 million. Triangle Capital posted sales of $31.19 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 8%. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, February 28th.
On average, analysts expect that Triangle Capital will report full-year sales of $28.71 million for the current fiscal year, with estimates ranging from $119.36 million to $120.74 million. For the next year, analysts anticipate that the firm will report sales of $118.31 million per share, with estimates ranging from $115.20 million to $122.07 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Triangle Capital.
TCAP has been the topic of several recent research reports. National Securities lowered their price objective on shares of Triangle Capital from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Bank of America lowered shares of Triangle Capital from a “buy” rating to an “underperform” rating in a report on Thursday, November 2nd. Stephens lowered shares of Triangle Capital from an “overweight” rating to an “equal weight” rating in a report on Friday, November 3rd. Robert W. Baird reduced their target price on shares of Triangle Capital from $16.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Finally, Jefferies Group lowered shares of Triangle Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.00.
Shares of Triangle Capital (NYSE:TCAP) traded down $0.11 during trading hours on Thursday, hitting $11.07. 337,867 shares of the stock traded hands, compared to its average volume of 515,362. Triangle Capital has a 52-week low of $8.91 and a 52-week high of $20.35. The company has a quick ratio of 56.98, a current ratio of 56.98 and a debt-to-equity ratio of 0.87. The company has a market cap of $528.49, a PE ratio of -12.30, a PEG ratio of 1.68 and a beta of 0.87.
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About Triangle Capital
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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