TriplePoint Venture Growth BDC (TPVG) Scheduled to Post Earnings on Wednesday

TriplePoint Venture Growth BDC (NYSE:TPVG) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its quarterly earnings results on Wednesday, March 6th. The investment management company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.02). TriplePoint Venture Growth BDC had a positive return on equity of 19.50% and a negative net margin of 28.96%. The company had revenue of $32.97 million for the quarter, compared to the consensus estimate of $33.38 million. On average, analysts expect TriplePoint Venture Growth BDC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TriplePoint Venture Growth BDC Stock Up 0.8 %

Shares of TPVG stock opened at $9.63 on Wednesday. TriplePoint Venture Growth BDC has a one year low of $8.88 and a one year high of $12.70. The company’s 50-day simple moving average is $9.81 and its 200-day simple moving average is $10.30.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.60 annualized dividend and a dividend yield of 16.61%. TriplePoint Venture Growth BDC’s payout ratio is -145.45%.

Analysts Set New Price Targets

Several brokerages have recently commented on TPVG. StockNews.com cut shares of TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Keefe, Bruyette & Woods dropped their price objective on shares of TriplePoint Venture Growth BDC from $9.50 to $9.00 and set an “underperform” rating on the stock in a research note on Thursday, March 7th. Wells Fargo & Company dropped their price objective on shares of TriplePoint Venture Growth BDC from $11.00 to $9.50 and set an “equal weight” rating on the stock in a research note on Thursday, March 7th. Compass Point upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “neutral” rating and set a $8.75 price objective on the stock in a research note on Friday, March 22nd. Finally, JMP Securities reiterated a “market perform” rating on shares of TriplePoint Venture Growth BDC in a research note on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.38.

TriplePoint Venture Growth BDC Company Profile

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.