TriplePoint Venture Growth BDC (TPVG) Expected to Announce Quarterly Earnings on Wednesday

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $24.90 million for the quarter.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last released its earnings results on Wednesday, March 5th. The investment management company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%. The firm had revenue of $25.75 million for the quarter, compared to analyst estimates of $26.68 million. On average, analysts expect TriplePoint Venture Growth BDC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TriplePoint Venture Growth BDC Price Performance

Shares of TriplePoint Venture Growth BDC stock opened at $6.22 on Wednesday. The firm has a market cap of $249.45 million, a price-to-earnings ratio of 29.60 and a beta of 1.65. The stock's 50-day moving average is $6.86 and its 200 day moving average is $7.33. TriplePoint Venture Growth BDC has a one year low of $5.53 and a one year high of $9.70.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 19.31%. The ex-dividend date of this dividend was Monday, March 17th. TriplePoint Venture Growth BDC's dividend payout ratio (DPR) is currently 146.34%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TPVG shares. Wells Fargo & Company decreased their target price on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set an "underweight" rating for the company in a research report on Monday. Compass Point lowered their price objective on TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Piper Sandler cut their target price on TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price target on TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group cut their price objective on shares of TriplePoint Venture Growth BDC from $7.50 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $6.79.

About TriplePoint Venture Growth BDC

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.

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