Analysts expect that Triangle Capital Co. (NYSE:TCAP) will report sales of $27.03 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Triangle Capital’s earnings. The highest sales estimate is $28.74 million and the lowest is $25.31 million. Triangle Capital posted sales of $31.21 million during the same quarter last year, which suggests a negative year-over-year growth rate of 13.4%. The business is expected to issue its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Triangle Capital will report full-year sales of $63.04 million for the current year, with estimates ranging from $53.71 million to $72.36 million. For the next financial year, analysts forecast that the company will post sales of $85.93 million per share, with estimates ranging from $53.54 million to $118.31 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Triangle Capital.
Triangle Capital (NYSE:TCAP) last announced its quarterly earnings data on Wednesday, May 2nd. The credit services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Triangle Capital had a negative net margin of 17.98% and a positive return on equity of 10.25%. The company had revenue of $26.08 million for the quarter, compared to analysts’ expectations of $26.65 million.
A number of brokerages have issued reports on TCAP. Zacks Investment Research raised shares of Triangle Capital from a “sell” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday. National Securities reissued a “neutral” rating and issued a $13.00 target price on shares of Triangle Capital in a report on Monday, May 7th. ValuEngine lowered shares of Triangle Capital from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. TheStreet raised shares of Triangle Capital from a “d+” rating to a “c-” rating in a report on Wednesday, April 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $12.50 target price on shares of Triangle Capital in a report on Wednesday, April 11th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $13.75.
TCAP traded up $0.10 during trading on Friday, reaching $11.65. 287,500 shares of the company traded hands, compared to its average volume of 418,671. The company has a debt-to-equity ratio of 0.83, a current ratio of 116.18 and a quick ratio of 116.18. Triangle Capital has a 12-month low of $8.91 and a 12-month high of $18.04. The firm has a market cap of $547.48 million, a P/E ratio of 7.52 and a beta of 0.75.
Several hedge funds have recently bought and sold shares of the stock. Muzinich & Co. Inc. lifted its position in Triangle Capital by 38.4% in the first quarter. Muzinich & Co. Inc. now owns 1,930,224 shares of the credit services provider’s stock worth $21,483,000 after buying an additional 535,541 shares during the last quarter. Citadel Advisors LLC lifted its position in Triangle Capital by 3,985.8% in the fourth quarter. Citadel Advisors LLC now owns 1,747,297 shares of the credit services provider’s stock worth $16,582,000 after buying an additional 1,704,532 shares during the last quarter. Clearbridge LLC lifted its position in Triangle Capital by 25.6% in the fourth quarter. Clearbridge LLC now owns 1,266,620 shares of the credit services provider’s stock worth $12,020,000 after buying an additional 258,520 shares during the last quarter. Ares Management LLC lifted its position in Triangle Capital by 107.3% in the fourth quarter. Ares Management LLC now owns 942,770 shares of the credit services provider’s stock worth $8,947,000 after buying an additional 487,910 shares during the last quarter. Finally, KDI Capital Partners LLC bought a new stake in Triangle Capital in the fourth quarter worth $6,195,000. 49.45% of the stock is owned by hedge funds and other institutional investors.
About Triangle Capital
Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.
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