Wall Street analysts expect Triangle Capital Corporation (NYSE:TCAP) to report $0.41 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have issued estimates for Triangle Capital Corporation’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.44. Triangle Capital Corporation reported earnings of $0.42 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The business is expected to report its next quarterly earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Triangle Capital Corporation will report full-year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.62 to $1.71. For the next fiscal year, analysts expect that the firm will report earnings of $1.73 per share, with EPS estimates ranging from $1.55 to $1.85. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Triangle Capital Corporation.

Triangle Capital Corporation (NYSE:TCAP) last released its earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The company had revenue of $31.20 million for the quarter, compared to the consensus estimate of $33.25 million. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s revenue was up 3.3% on a year-over-year basis.

TCAP has been the topic of several recent analyst reports. Hilliard Lyons raised shares of Triangle Capital Corporation from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Monday, June 26th. Aegis initiated coverage on shares of Triangle Capital Corporation in a research report on Monday, June 26th. They set a “buy” rating on the stock. ValuEngine cut shares of Triangle Capital Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research cut shares of Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, BidaskClub cut shares of Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.36.

Several large investors have recently bought and sold shares of the stock. IHT Wealth Management LLC raised its holdings in shares of Triangle Capital Corporation by 11.4% in the 2nd quarter. IHT Wealth Management LLC now owns 2,450 shares of the credit services provider’s stock worth $249,000 after purchasing an additional 250 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Triangle Capital Corporation by 3.0% in the 1st quarter. Baird Financial Group Inc. now owns 32,715 shares of the credit services provider’s stock worth $625,000 after purchasing an additional 939 shares during the period. Connors Investor Services Inc. raised its holdings in shares of Triangle Capital Corporation by 1.5% in the 2nd quarter. Connors Investor Services Inc. now owns 116,606 shares of the credit services provider’s stock worth $2,055,000 after purchasing an additional 1,730 shares during the period. Creative Planning raised its holdings in shares of Triangle Capital Corporation by 27.9% in the 2nd quarter. Creative Planning now owns 18,089 shares of the credit services provider’s stock worth $319,000 after purchasing an additional 3,945 shares during the period. Finally, Allen Investment Management LLC raised its holdings in shares of Triangle Capital Corporation by 9.9% in the 2nd quarter. Allen Investment Management LLC now owns 48,184 shares of the credit services provider’s stock worth $849,000 after purchasing an additional 4,358 shares during the period. 31.36% of the stock is currently owned by institutional investors.

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Triangle Capital Corporation (TCAP) traded up 0.94% during mid-day trading on Friday, reaching $14.03. The company had a trading volume of 248,264 shares. The company has a market capitalization of $669.86 million, a P/E ratio of 29.17 and a beta of 0.92. Triangle Capital Corporation has a one year low of $12.84 and a one year high of $20.35. The stock has a 50 day moving average price of $13.92 and a 200 day moving average price of $17.08.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.83%. Triangle Capital Corporation’s dividend payout ratio (DPR) is presently 346.16%.

Triangle Capital Corporation Company Profile

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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