TriplePoint Venture Growth BDC (TPVG) Scheduled to Post Earnings on Wednesday

TriplePoint Venture Growth BDC (NYSE:TPVG) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect TriplePoint Venture Growth BDC to post earnings of $0.44 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, March 6th. The investment management company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $32.97 million for the quarter, compared to analyst estimates 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 Trading Up 0.8 %

TPVG opened at $9.63 on Wednesday. The business’s 50-day simple moving average is $9.81 and its 200-day simple moving average is $10.30. TriplePoint Venture Growth BDC has a one year low of $8.88 and a one year high of $12.70.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 16.61%. The ex-dividend date was Wednesday, March 13th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is currently -145.45%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TPVG shares. Keefe, Bruyette & Woods cut their target price on TriplePoint Venture Growth BDC from $9.50 to $9.00 and set an “underperform” rating on the stock in a research report on Thursday, March 7th. Piper Sandler dropped their price target on TriplePoint Venture Growth BDC from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Compass Point upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “neutral” rating and set a $8.75 price target on the stock in a research report on Friday, March 22nd. JMP Securities restated a “market perform” rating on shares of TriplePoint Venture Growth BDC in a research report on Thursday, March 7th. Finally, Wells Fargo & Company dropped 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. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.