TCP Capital Corp. (NASDAQ:TCPC) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect TCP Capital Corp. to post earnings of $0.38 per share for the quarter.
TCP Capital Corp. (NASDAQ:TCPC) last announced its earnings results on Thursday, August 3rd. The investment management company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.05. TCP Capital Corp. had a return on equity of 12.93% and a net margin of 54.74%. The firm had revenue of $46.23 million for the quarter, compared to analysts’ expectations of $40.37 million. On average, analysts expect TCP Capital Corp. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of TCP Capital Corp. (TCPC) opened at $16.10 on Monday. TCP Capital Corp. has a twelve month low of $15.42 and a twelve month high of $17.47. The company has a market capitalization of $946.55, a P/E ratio of 8.80, a P/E/G ratio of 2.03 and a beta of 0.73. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66.
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Several brokerages recently commented on TCPC. National Bank Financial raised TCP Capital Corp. from a “sector perform” rating to an “outperform” rating in a report on Monday, August 7th. BidaskClub cut TCP Capital Corp. from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research raised TCP Capital Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.00 target price on shares of TCP Capital Corp. in a report on Tuesday, July 25th. Finally, National Securities raised TCP Capital Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $19.00 in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $18.25.
TCP Capital Corp. Company Profile
TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds.
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