Trinity Capital (TRIN) Set to Announce Quarterly Earnings on Wednesday

Trinity Capital (NASDAQ:TRIN) is scheduled to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. The firm had revenue of $47.83 million for the quarter, compared to analysts’ expectations of $46.79 million. During the same quarter in the previous year, the business earned $0.57 EPS. On average, analysts expect Trinity Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trinity Capital Trading Up 2.0 %

NASDAQ TRIN opened at $15.18 on Monday. The stock’s 50-day simple moving average is $14.61 and its two-hundred day simple moving average is $14.48. Trinity Capital has a twelve month low of $11.32 and a twelve month high of $15.44. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $704.96 million, a price-to-earnings ratio of 7.95 and a beta of 0.62.

Trinity Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.04 annualized dividend and a dividend yield of 13.44%. This is an increase from Trinity Capital’s previous quarterly dividend of $0.50. Trinity Capital’s payout ratio is currently 106.81%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. B. Riley reiterated a “buy” rating and issued a $16.50 price objective (up previously from $16.00) on shares of Trinity Capital in a report on Thursday, March 7th. UBS Group lifted their price objective on Trinity Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.58.

Insider Buying and Selling

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,354 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average cost of $14.91 per share, with a total value of $50,008.14. Following the completion of the purchase, the chief executive officer now directly owns 821,477 shares of the company’s stock, valued at $12,248,222.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.75% of the stock is owned by insiders.

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.