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

TriplePoint Venture Growth BDC (NYSE:TPVG) will post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect TriplePoint Venture Growth BDC to post earnings of $0.43 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, May 1st. The investment management company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). TriplePoint Venture Growth BDC had a positive return on equity of 19.64% and a negative net margin of 29.68%. The business had revenue of $29.27 million during the quarter, compared to analysts’ expectations of $31.25 million. During the same quarter in the previous year, the business earned $0.53 EPS. 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

Shares of TPVG stock opened at $8.95 on Wednesday. The firm’s 50 day moving average is $8.76 and its 200 day moving average is $9.57. TriplePoint Venture Growth BDC has a 12 month low of $7.91 and a 12 month high of $12.70.

Analysts Set New Price Targets

A number of research firms recently weighed in on TPVG. Wells Fargo & Company reiterated an “underweight” rating and issued a $8.50 price objective (down from $9.50) on shares of TriplePoint Venture Growth BDC in a research note on Wednesday, May 29th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $9.00 price objective on shares of TriplePoint Venture Growth BDC in a research note on Tuesday, June 18th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.55.

TriplePoint Venture Growth BDC Company Profile

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.