BlackRock TCP Capital (TCPC) Scheduled to Post Earnings on Wednesday

BlackRock TCP Capital (NASDAQ:TCPC) will be announcing its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

BlackRock TCP Capital Stock Down 3.0 %

Shares of TCPC opened at $10.02 on Tuesday. The company has a quick ratio of 19.05, a current ratio of 19.05 and a debt-to-equity ratio of 1.37. The business has a fifty day moving average of $10.88 and a 200 day moving average of $10.74. The company has a market cap of $857.62 million, a PE ratio of 28.63 and a beta of 1.49. BlackRock TCP Capital has a 52-week low of $9.71 and a 52-week high of $13.00.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Oppenheimer dropped their price target on shares of BlackRock TCP Capital from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. StockNews.com raised BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 20th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.67.

About BlackRock TCP Capital

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals.