Equities analysts expect that Triangle Capital Co. (NYSE:TCAP) will report sales of $28.83 million for the current quarter, according to Zacks. Five analysts have issued estimates for Triangle Capital’s earnings, with the highest sales estimate coming in at $29.45 million and the lowest estimate coming in at $28.06 million. Triangle Capital posted sales of $31.19 million in the same quarter last year, which suggests a negative year over year growth rate of 7.6%. The company is scheduled to report its next earnings results on Wednesday, February 28th.
On average, analysts expect that Triangle Capital will report full-year sales of $28.83 million for the current financial year, with estimates ranging from $119.36 million to $120.74 million. For the next year, analysts anticipate that the firm will report sales of $117.91 million per share, with estimates ranging from $115.20 million to $122.07 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Triangle Capital.
Triangle Capital (NYSE:TCAP) last posted its earnings results on Wednesday, November 1st. The credit services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.05). Triangle Capital had a positive return on equity of 10.67% and a negative net margin of 36.80%. The firm had revenue of $29.88 million during the quarter, compared to analysts’ expectations of $32.84 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year.
Several research firms have recently weighed in on TCAP. Hilliard Lyons upgraded shares of Triangle Capital from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Triangle Capital from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. TheStreet cut shares of Triangle Capital from a “c” rating to a “d+” rating in a research report on Friday, November 17th. Stephens cut shares of Triangle Capital from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Triangle Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Triangle Capital currently has a consensus rating of “Hold” and a consensus price target of $16.57.
Shares of Triangle Capital (NYSE TCAP) opened at $9.44 on Friday. Triangle Capital has a 52 week low of $8.91 and a 52 week high of $20.35. The company has a quick ratio of 56.98, a current ratio of 56.98 and a debt-to-equity ratio of 0.87. The stock has a market cap of $441.60, a P/E ratio of 5.75, a price-to-earnings-growth ratio of 1.18 and a beta of 0.82.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 12.71%. The ex-dividend date of this dividend is Tuesday, December 5th. Triangle Capital’s dividend payout ratio (DPR) is presently -134.83%.
A number of institutional investors have recently made changes to their positions in TCAP. WFG Advisors LP bought a new stake in Triangle Capital in the 2nd quarter worth $101,000. Financial Counselors Inc. bought a new stake in shares of Triangle Capital during the 3rd quarter valued at about $143,000. Commerce Bank bought a new stake in shares of Triangle Capital during the 3rd quarter valued at about $171,000. Sigma Planning Corp bought a new stake in shares of Triangle Capital during the 2nd quarter valued at about $181,000. Finally, Wasatch Advisors Inc. bought a new stake in shares of Triangle Capital during the 2nd quarter valued at about $235,000. 35.38% of the stock is currently owned by institutional investors and hedge funds.
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About Triangle Capital
Triangle Capital Corporation is an internally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that provides customized financing to lower middle market companies located primarily in the United States. The Company’s investment objective is to seek attractive returns by generating current income from its debt investments and capital appreciation from its equity-related investments.
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