Triplepoint Venture Growth BDC (NYSE:TPVG) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.37 per share for the quarter.
Triplepoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Wednesday, March 6th. The investment management company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. Triplepoint Venture Growth BDC had a net margin of 56.56% and a return on equity of 12.21%. The business had revenue of $17.80 million for the quarter, compared to analyst estimates of $16.01 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.
NYSE TPVG opened at $14.07 on Monday. Triplepoint Venture Growth BDC has a 12-month low of $10.25 and a 12-month high of $14.16. The firm has a market capitalization of $348.66 million, a price-to-earnings ratio of 8.23, a PEG ratio of 2.93 and a beta of 1.22.
Separately, Zacks Investment Research raised shares of Triplepoint Venture Growth BDC from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Saturday, February 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.56.
Triplepoint Venture Growth BDC Company Profile
TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.
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