Trinity Capital (NASDAQ:TRIN) Updates Q4 2024 Earnings Guidance

Trinity Capital (NASDAQ:TRIN) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.580-0.600 for the period, compared to the consensus estimate of 0.530. The company issued revenue guidance of -.

Trinity Capital Price Performance

NASDAQ:TRIN traded up $0.01 on Thursday, hitting $15.99. The company had a trading volume of 403,161 shares, compared to its average volume of 556,990. The firm has a 50 day moving average of $14.65 and a two-hundred day moving average of $14.25. The stock has a market capitalization of $942.03 million, a price-to-earnings ratio of 9.35 and a beta of 0.56. Trinity Capital has a 52 week low of $13.05 and a 52 week high of $16.12. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07.

Trinity Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 12.76%. The ex-dividend date of this dividend was Tuesday, December 31st. Trinity Capital’s payout ratio is 119.30%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $13.00 price objective on shares of Trinity Capital in a research note on Monday, December 2nd.

Trinity Capital Company Profile

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.