Trinity Capital (NASDAQ:TRIN) Releases Q4 2024 Earnings Guidance

Trinity Capital (NASDAQ:TRIN) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.580-0.600 for the period, compared to the consensus estimate of 0.530. The company issued revenue guidance of -.

Trinity Capital Price Performance

TRIN stock traded up $0.15 during midday trading on Tuesday, reaching $15.48. The stock had a trading volume of 542,815 shares, compared to its average volume of 537,559. The company’s fifty day simple moving average is $14.62 and its 200 day simple moving average is $14.23. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The company has a market cap of $911.93 million, a price-to-earnings ratio of 9.05 and a beta of 0.56. Trinity Capital has a 52-week low of $13.05 and a 52-week high of $15.51.

Trinity Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 13.18%. The ex-dividend date was Tuesday, December 31st. Trinity Capital’s dividend payout ratio (DPR) is 119.30%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reissued an “underweight” rating and set a $13.00 price target on shares of Trinity Capital in a research report on Monday, December 2nd.

About Trinity Capital

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.