$0.37 Earnings Per Share Expected for TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) This Quarter

Wall Street analysts predict that TriplePoint Venture Growth BDC Corp. (NYSE:TPVGGet Rating) will announce $0.37 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for TriplePoint Venture Growth BDC’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.37. TriplePoint Venture Growth BDC reported earnings of $0.30 per share during the same quarter last year, which indicates a positive year over year growth rate of 23.3%. The firm is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that TriplePoint Venture Growth BDC will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.53 to $1.64. For the next financial year, analysts forecast that the firm will report earnings of $1.64 per share, with EPS estimates ranging from $1.52 to $1.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow TriplePoint Venture Growth BDC.

TriplePoint Venture Growth BDC (NYSE:TPVGGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The investment management company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. TriplePoint Venture Growth BDC had a return on equity of 10.77% and a net margin of 75.42%. During the same quarter in the prior year, the firm earned $0.29 EPS.

A number of brokerages have weighed in on TPVG. Zacks Investment Research downgraded TriplePoint Venture Growth BDC from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Wells Fargo & Company upped their target price on TriplePoint Venture Growth BDC from $17.50 to $18.00 and gave the company an “overweight” rating in a research report on Monday, April 25th. Finally, StockNews.com began coverage on TriplePoint Venture Growth BDC in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.75.

Several hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in TriplePoint Venture Growth BDC by 52.7% during the first quarter. Van ECK Associates Corp now owns 722,692 shares of the investment management company’s stock worth $12,618,000 after purchasing an additional 249,437 shares during the last quarter. Sound Income Strategies LLC lifted its stake in TriplePoint Venture Growth BDC by 5.9% during the first quarter. Sound Income Strategies LLC now owns 398,785 shares of the investment management company’s stock worth $6,963,000 after purchasing an additional 22,268 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in TriplePoint Venture Growth BDC by 8.4% during the first quarter. Advisors Asset Management Inc. now owns 324,132 shares of the investment management company’s stock worth $5,659,000 after purchasing an additional 25,015 shares during the last quarter. BlackRock Inc. lifted its stake in TriplePoint Venture Growth BDC by 9.0% during the fourth quarter. BlackRock Inc. now owns 246,552 shares of the investment management company’s stock worth $4,428,000 after purchasing an additional 20,343 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in TriplePoint Venture Growth BDC by 14.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 231,134 shares of the investment management company’s stock worth $4,036,000 after purchasing an additional 28,406 shares during the last quarter. Institutional investors and hedge funds own 22.75% of the company’s stock.

NYSE TPVG traded down $0.34 during trading on Thursday, reaching $14.29. 1,943 shares of the company’s stock were exchanged, compared to its average volume of 188,432. The business has a 50 day moving average price of $16.56 and a 200-day moving average price of $17.08. The stock has a market capitalization of $443.56 million, a P/E ratio of 6.25 and a beta of 1.73. TriplePoint Venture Growth BDC has a fifty-two week low of $13.82 and a fifty-two week high of $19.25.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 16th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 10.08%. The ex-dividend date of this dividend is Wednesday, June 15th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is currently 63.16%.

TriplePoint Venture Growth BDC Company Profile (Get Rating)

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.

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Earnings History and Estimates for TriplePoint Venture Growth BDC (NYSE:TPVG)

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