Wall Street analysts forecast that Triangle Capital Co. (NYSE:TCAP) will report earnings per share of $0.29 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Triangle Capital’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.27. Triangle Capital posted earnings per share of $0.41 in the same quarter last year, which would indicate a negative year over year growth rate of 29.3%. The firm is expected to report its next earnings results on Wednesday, August 1st.
On average, analysts expect that Triangle Capital will report full year earnings of $0.86 per share for the current fiscal year, with EPS estimates ranging from $0.73 to $1.08. For the next fiscal year, analysts anticipate that the company will post earnings of $0.71 per share, with EPS estimates ranging from $0.52 to $0.87. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Triangle Capital.
Triangle Capital (NYSE:TCAP) last released its earnings results on Wednesday, May 2nd. The credit services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). The business had revenue of $26.08 million during the quarter, compared to analysts’ expectations of $26.65 million. Triangle Capital had a positive return on equity of 10.25% and a negative net margin of 17.98%.
TCAP has been the topic of several recent analyst reports. ValuEngine downgraded shares of Triangle Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $12.00 price objective on shares of Triangle Capital in a research report on Thursday, March 1st. National Securities reissued a “neutral” rating and set a $11.00 price objective on shares of Triangle Capital in a research report on Friday, March 2nd. Zacks Investment Research downgraded shares of Triangle Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 7th. Finally, Raymond James downgraded shares of Triangle Capital from a “market perform” rating to an “underperform” rating in a research report on Thursday, April 5th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Triangle Capital presently has a consensus rating of “Hold” and a consensus price target of $13.90.
Shares of NYSE:TCAP traded down $0.04 during midday trading on Friday, reaching $11.29. The company’s stock had a trading volume of 5,908 shares, compared to its average volume of 307,297. The company has a market capitalization of $540.76 million, a PE ratio of 7.28 and a beta of 0.76. The company has a debt-to-equity ratio of 0.83, a current ratio of 116.18 and a quick ratio of 116.18. Triangle Capital has a 12-month low of $8.91 and a 12-month high of $18.33.
A number of hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc boosted its holdings in shares of Triangle Capital by 12.7% during the 1st quarter. Legal & General Group Plc now owns 171,766 shares of the credit services provider’s stock valued at $1,913,000 after acquiring an additional 19,318 shares during the last quarter. Caxton Corp boosted its holdings in shares of Triangle Capital by 20.3% during the 1st quarter. Caxton Corp now owns 48,831 shares of the credit services provider’s stock valued at $543,000 after acquiring an additional 8,251 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Triangle Capital during the 1st quarter valued at about $205,000. Freestone Capital Holdings LLC purchased a new stake in shares of Triangle Capital during the 1st quarter valued at about $2,680,000. Finally, LPL Financial LLC boosted its holdings in shares of Triangle Capital by 36.8% during the 1st quarter. LPL Financial LLC now owns 38,034 shares of the credit services provider’s stock valued at $423,000 after acquiring an additional 10,224 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors.
Triangle Capital Company Profile
Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.
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