Zacks: Analysts Anticipate Triplepoint Venture Growth BDC Corp (NYSE:TPVG) to Announce $0.38 Earnings Per Share

Share on StockTwits

Equities research analysts predict that Triplepoint Venture Growth BDC Corp (NYSE:TPVG) will report earnings of $0.38 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Triplepoint Venture Growth BDC’s earnings, with estimates ranging from $0.36 to $0.40. Triplepoint Venture Growth BDC reported earnings of $0.50 per share during the same quarter last year, which would indicate a negative year over year growth rate of 24%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Triplepoint Venture Growth BDC will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.66. For the next financial year, analysts forecast that the company will report earnings of $1.74 per share, with EPS estimates ranging from $1.66 to $1.85. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Triplepoint Venture Growth BDC.

Triplepoint Venture Growth BDC (NYSE:TPVG) last released its earnings results on Wednesday, May 1st. The investment management company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The firm had revenue of $17.49 million during the quarter, compared to analysts’ expectations of $17.35 million. Triplepoint Venture Growth BDC had a net margin of 57.09% and a return on equity of 12.50%.

TPVG has been the subject of several research reports. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. Compass Point cut shares of Santander Consumer USA from a “buy” rating to a “neutral” rating in a research note on Monday, May 6th. Finally, Nomura initiated coverage on shares of Triplepoint Venture Growth BDC in a research note on Monday, July 8th. They set a “buy” rating and a $16.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.95.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can grew its stake in shares of Triplepoint Venture Growth BDC by 13.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 6,856 shares of the investment management company’s stock valued at $72,000 after buying an additional 806 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Triplepoint Venture Growth BDC by 8.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,585 shares of the investment management company’s stock valued at $321,000 after buying an additional 1,703 shares during the period. Wedbush Securities Inc. boosted its position in Triplepoint Venture Growth BDC by 18.9% during the 1st quarter. Wedbush Securities Inc. now owns 13,122 shares of the investment management company’s stock worth $181,000 after purchasing an additional 2,087 shares during the period. Resource America Inc. boosted its position in Triplepoint Venture Growth BDC by 4.1% during the 1st quarter. Resource America Inc. now owns 64,536 shares of the investment management company’s stock worth $888,000 after purchasing an additional 2,536 shares during the period. Finally, Deutsche Bank AG boosted its position in Triplepoint Venture Growth BDC by 31.8% during the 4th quarter. Deutsche Bank AG now owns 10,675 shares of the investment management company’s stock worth $116,000 after purchasing an additional 2,575 shares during the period. 30.99% of the stock is owned by institutional investors.

TPVG stock traded up $0.02 during midday trading on Wednesday, hitting $14.92. The stock had a trading volume of 8,199 shares, compared to its average volume of 250,482. Triplepoint Venture Growth BDC has a 12-month low of $10.25 and a 12-month high of $15.13. The business has a 50-day moving average price of $14.17. The company has a market cap of $369.22 million, a price-to-earnings ratio of 8.76, a PEG ratio of 3.08 and a beta of 1.12.

Triplepoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

Recommended Story: Certificate of Deposit (CD) For Risk Adverse Investors?

Get a free copy of the Zacks research report on Triplepoint Venture Growth BDC (TPVG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Triplepoint Venture Growth BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triplepoint Venture Growth BDC and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Williams-Sonoma, Inc.  Shares Acquired by Municipal Employees Retirement System of Michigan
Williams-Sonoma, Inc. Shares Acquired by Municipal Employees Retirement System of Michigan
CME Group Inc  Shares Bought by Municipal Employees Retirement System of Michigan
CME Group Inc Shares Bought by Municipal Employees Retirement System of Michigan
Kemper Corp  Shares Acquired by Municipal Employees Retirement System of Michigan
Kemper Corp Shares Acquired by Municipal Employees Retirement System of Michigan
Municipal Employees Retirement System of Michigan Lowers Position in Packaging Corp Of America
Municipal Employees Retirement System of Michigan Lowers Position in Packaging Corp Of America
Municipal Employees Retirement System of Michigan Cuts Stock Position in Applied Materials, Inc.
Municipal Employees Retirement System of Michigan Cuts Stock Position in Applied Materials, Inc.
Municipal Employees Retirement System of Michigan Purchases 270 Shares of Neogen Co.
Municipal Employees Retirement System of Michigan Purchases 270 Shares of Neogen Co.


© 2006-2019 Ticker Report