Trinity Capital (TRIN) Set to Announce Earnings on Wednesday

Trinity Capital (NASDAQ:TRIN) is set to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The business had revenue of $47.83 million for the quarter, compared to analyst estimates of $46.79 million. Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. During the same quarter in the prior year, the firm earned $0.57 earnings per share. On average, analysts expect Trinity Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trinity Capital Stock Performance

NASDAQ TRIN opened at $15.26 on Tuesday. Trinity Capital has a fifty-two week low of $11.32 and a fifty-two week high of $15.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $708.63 million, a P/E ratio of 7.99 and a beta of 0.62. The stock has a 50-day simple moving average of $14.61 and a two-hundred day simple moving average of $14.48.

Trinity Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.51 per share. This is a boost from Trinity Capital’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 13.37%. The ex-dividend date was Wednesday, March 27th. Trinity Capital’s dividend payout ratio (DPR) is currently 106.81%.

Insider Buying and Selling

In related news, CEO Kyle Steven Brown acquired 3,354 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $14.91 per share, with a total value of $50,008.14. Following the completion of the acquisition, the chief executive officer now directly owns 821,477 shares in the company, valued at approximately $12,248,222.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TRIN. UBS Group raised their price objective on shares of Trinity Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 18th. B. Riley reiterated a “buy” rating and issued a $16.50 price objective (up previously from $16.00) on shares of Trinity Capital in a research report on Thursday, March 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Trinity Capital currently has an average rating of “Moderate Buy” and an average price target of $15.58.

About Trinity Capital

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.