$25.54 million in sales expected for TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) this quarter

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Stock analysts predict that TriplePoint Venture Growth BDC Corp. (NYSE: TPVGGet a rating) will post revenue of $25.54 million for the current quarter, Zacks reports. Two analysts have made earnings estimates for TriplePoint Venture Growth BDC, with the lowest sales estimate of $25.43 million and the highest estimate of $25.66 million. TriplePoint Venture Growth BDC reported sales of $19.97 million in the same quarter last year, suggesting a positive year-over-year growth rate of 27.9%. The company is expected to release its next quarterly results on Monday, January 1.

According to Zacks, analysts expect TriplePoint Venture Growth BDC to report annual revenue of $106.02 million for the current fiscal year, with estimates ranging from $103.27 million to 108, $77 million. For the next fiscal year, analysts expect the company to post sales of $119.18 million, with estimates ranging from $110.14 million to $128.23 million. Zacks sales calculations are an average based on a survey of analysts who provide coverage for TriplePoint Venture Growth BDC.

BDC TriplePoint Venture Growth (NYSE: TPVGGet a rating) last announced its results on Wednesday, March 2. The investment management firm reported earnings per share (EPS) of $0.42 for the quarter, beating the Zacks consensus estimate of $0.35 by $0.07. TriplePoint Venture Growth BDC achieved a return on equity of 9.84% and a net margin of 87.60%. The company posted revenue of $25.87 million for the quarter, versus analyst estimates of $23.46 million. In the same quarter last year, the company achieved EPS of $0.39.

A number of brokerages have recently released reports on TPVG. StockNews.com began covering TriplePoint Venture Growth BDC in a research report on Thursday, March 31. They issued a “holding” rating on the stock. Zacks Investment Research downgraded TriplePoint Venture Growth BDC from a “buy” rating to a “hold” rating in a Thursday, April 7 research note. Four analysts gave the stock a hold rating and two gave the stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.69.

A number of hedge funds have recently bought and sold shares of TPVG. Ahrens Investment Partners LLC purchased a new position in shares of TriplePoint Venture Growth BDC during Q4 for a value of approximately $36,000. Total Clarity Wealth Management Inc. purchased a new position in shares of TriplePoint Venture Growth BDC during Q3 for a value of approximately $49,000. Geneos Wealth Management Inc. increased its stake in shares of TriplePoint Venture Growth BDC by 101.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 5,841 shares of the investment management company worth $104,000 after acquiring 2,943 additional shares during the period. Mackenzie Financial Corp bought a new position in shares of TriplePoint Venture Growth BDC during Q3 for a value of approximately $158,000. Finally, Summitry LLC purchased a new position in shares of TriplePoint Venture Growth BDC during Q4 for a value of approximately $180,000. Hedge funds and other institutional investors own 24.94% of the company’s shares.

BDC TriplePoint Venture Growth Equity traded at $0.07 in Friday’s midday session, reaching $17.09. The stock had a trading volume of 2 shares, compared to its average volume of 143,413. The company’s fifty-day simple moving average is $16.99 and its 200-day simple moving average is $17.21. TriplePoint Venture Growth BDC has a 1-year low of $14.11 and a 1-year high of $19.25. The stock has a market capitalization of $529.96 million, a P/E ratio of 6.86, a price-to-earnings growth ratio of 2.86 and a beta of 1.77.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Tuesday, March 15 received a dividend of $0.36. The ex-dividend date was Monday, March 14. This represents a dividend of $1.44 on an annualized basis and a yield of 8.43%. TriplePoint Venture Growth BDC’s dividend payout ratio is 58.06%.

About TriplePoint Venture Growth BDC (Get a rating)

TriplePoint Venture Growth BDC Corp. is a business development firm specializing in investments in growth-stage venture capital-backed companies. It also provides debt financing to growth space companies, which includes growth capital loans, secured and customized loans, equipment financing, revolving loans and direct equity investments.

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TriplePoint Venture Growth BDC (NYSE: TPVG) Earnings History and Estimates



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