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

TriplePoint Venture Growth BDC (NYSE:TPVG) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce 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 issued its earnings results on Wednesday, March 6th. The investment management company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). The business had revenue of $32.97 million during the quarter, compared to analysts’ expectations of $33.38 million. TriplePoint Venture Growth BDC had a positive return on equity of 19.50% and a negative net margin of 28.96%. 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

TriplePoint Venture Growth BDC stock opened at $9.30 on Monday. The business has a 50-day simple moving average of $9.73 and a two-hundred day simple moving average of $10.28. TriplePoint Venture Growth BDC has a 52-week low of $8.88 and a 52-week high of $12.70.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 17.20%. TriplePoint Venture Growth BDC’s dividend payout ratio is currently -145.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TPVG shares. Piper Sandler cut their price target on TriplePoint Venture Growth BDC from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, March 7th. Wells Fargo & Company cut their price target on TriplePoint Venture Growth BDC from $11.00 to $9.50 and set an “equal weight” rating for the company in a research note on Thursday, March 7th. Keefe, Bruyette & Woods cut their price objective on TriplePoint Venture Growth BDC from $9.50 to $9.00 and set an “underperform” rating for the company in a research note on Thursday, March 7th. JMP Securities reiterated a “market perform” rating on shares of TriplePoint Venture Growth BDC in a research note on Thursday, March 7th. Finally, Compass Point upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “neutral” rating and set a $8.75 price objective for the company in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.