Triangle Capital Co. (NYSE:TCAP) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 1st. Analysts expect Triangle Capital to post earnings of $0.44 per share for the quarter.
Triangle Capital (NYSE:TCAP) last posted its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $31.20 million during the quarter, compared to analyst estimates of $33.25 million. Triangle Capital had a return on equity of 10.51% and a net margin of 16.92%. Triangle Capital’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. On average, analysts expect Triangle Capital to post $1.67 EPS for the current fiscal year and $1.74 EPS for the next fiscal year.
Triangle Capital Co. (NYSE:TCAP) opened at 12.50 on Monday. Triangle Capital Co. has a 1-year low of $12.41 and a 1-year high of $20.35. The firm has a market cap of $596.81 million, a price-to-earnings ratio of 25.99 and a beta of 0.92. The firm has a 50-day moving average price of $13.62 and a 200-day moving average price of $16.09.
A number of brokerages have weighed in on TCAP. ValuEngine raised Triangle Capital from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. National Securities downgraded Triangle Capital from a “buy” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $18.00 in a report on Monday, August 7th. Zacks Investment Research raised Triangle Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Robert W. Baird raised Triangle Capital from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a report on Monday, August 28th. Finally, Keefe, Bruyette & Woods downgraded Triangle Capital from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $20.50 to $18.00 in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Triangle Capital has a consensus rating of “Hold” and an average target price of $17.86.
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Triangle Capital 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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