Analysts expect BlackRock TCP Capital Corp. (NASDAQ:TCPC – Get Rating) to report $0.32 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for BlackRock TCP Capital’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.32. BlackRock TCP Capital reported earnings per share of $0.31 in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that BlackRock TCP Capital will report full-year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.37. For the next fiscal year, analysts expect that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.28 to $1.66. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow BlackRock TCP Capital.
BlackRock TCP Capital (NASDAQ:TCPC – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. BlackRock TCP Capital had a net margin of 66.68% and a return on equity of 8.99%. During the same quarter in the prior year, the firm earned $0.32 earnings per share.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. raised its position in BlackRock TCP Capital by 0.7% during the fourth quarter. Invesco Ltd. now owns 1,046,404 shares of the investment management company’s stock valued at $14,137,000 after purchasing an additional 7,572 shares in the last quarter. Van ECK Associates Corp raised its position in BlackRock TCP Capital by 7.8% during the fourth quarter. Van ECK Associates Corp now owns 938,475 shares of the investment management company’s stock valued at $12,678,000 after purchasing an additional 67,718 shares in the last quarter. Confluence Investment Management LLC raised its position in BlackRock TCP Capital by 0.4% during the first quarter. Confluence Investment Management LLC now owns 421,767 shares of the investment management company’s stock valued at $6,032,000 after purchasing an additional 1,571 shares in the last quarter. BlackRock Inc. raised its position in BlackRock TCP Capital by 15.1% during the fourth quarter. BlackRock Inc. now owns 408,804 shares of the investment management company’s stock valued at $5,523,000 after purchasing an additional 53,635 shares in the last quarter. Finally, Ares Management LLC raised its position in BlackRock TCP Capital by 59.9% during the fourth quarter. Ares Management LLC now owns 367,689 shares of the investment management company’s stock valued at $4,967,000 after purchasing an additional 137,681 shares in the last quarter. Institutional investors and hedge funds own 24.89% of the company’s stock.
Shares of TCPC stock opened at $13.93 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.22. BlackRock TCP Capital has a 12-month low of $12.71 and a 12-month high of $15.05. The firm has a 50 day moving average price of $13.99 and a two-hundred day moving average price of $13.81. The company has a market capitalization of $804.74 million, a PE ratio of 7.26, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 15th. This represents a $1.20 annualized dividend and a yield of 8.61%. BlackRock TCP Capital’s dividend payout ratio is currently 62.50%.
About BlackRock TCP Capital (Get Rating)
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals.
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