TriplePoint Venture Growth BDC (TPVG) to Release Quarterly Earnings on Wednesday

TriplePoint Venture Growth BDC (NYSE:TPVG) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Persons that are interested in participating in 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 earnings per share (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 analysts’ expectations 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 Performance

Shares of TPVG opened at $9.49 on Tuesday. The firm has a market cap of $357.01 million, a P/E ratio of -8.63 and a beta of 1.77. The business has a 50-day moving average of $9.70 and a 200 day moving average of $10.28. TriplePoint Venture Growth BDC has a fifty-two week low of $8.88 and a fifty-two week high of $12.70.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a yield of 16.86%. TriplePoint Venture Growth BDC’s payout ratio is -145.45%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TPVG. JMP Securities reiterated a “market perform” rating on shares of TriplePoint Venture Growth BDC in a research report on Thursday, March 7th. Wells Fargo & Company decreased their price target on TriplePoint Venture Growth BDC from $11.00 to $9.50 and set an “equal weight” rating on the stock in a research report on Thursday, March 7th. Keefe, Bruyette & Woods cut their price objective on shares of TriplePoint Venture Growth BDC from $9.50 to $9.00 and set an “underperform” rating for the company in a research report on Thursday, March 7th. StockNews.com lowered shares of TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. Finally, Piper Sandler cut their price target on shares of TriplePoint Venture Growth BDC from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, March 7th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.38.

About TriplePoint Venture Growth BDC

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.