BlackRock TCP Capital (NASDAQ:TCPC) will post its quarterly earnings results before the market opens on Thursday, November 8th. Analysts expect BlackRock TCP Capital to post earnings of $0.40 per share for the quarter.
BlackRock TCP Capital (NASDAQ:TCPC) last posted its quarterly earnings data on Wednesday, August 8th. The investment management company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. BlackRock TCP Capital had a return on equity of 11.22% and a net margin of 32.55%. The company had revenue of $48.42 million during the quarter, compared to analysts’ expectations of $47.46 million. On average, analysts expect BlackRock TCP Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
TCPC opened at $13.88 on Tuesday. BlackRock TCP Capital has a 1-year low of $13.71 and a 1-year high of $16.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 6.38 and a quick ratio of 6.38. The company has a market capitalization of $816.53 million, a PE ratio of 6.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.70.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. BidaskClub raised BlackRock TCP Capital from a “strong sell” rating to a “sell” rating in a research report on Friday, October 12th. Wells Fargo & Co reduced their target price on BlackRock TCP Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, October 4th. JMP Securities reduced their target price on BlackRock TCP Capital from $17.00 to $16.50 and set a “market outperform” rating for the company in a research report on Tuesday, August 28th. Finally, National Securities reaffirmed a “buy” rating and issued a $19.00 target price on shares of BlackRock TCP Capital in a research report on Monday, August 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. BlackRock TCP Capital presently has a consensus rating of “Hold” and an average price target of $16.92.
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About BlackRock TCP Capital
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.
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