Trinity Capital (TRIN) Set to Announce 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

Trinity Capital (NASDAQ:TRIN) last announced its earnings results on Wednesday, March 6th. The company reported $0.54 EPS 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 company had revenue of $47.83 million for the quarter, compared to analyst estimates of $46.79 million. During the same quarter last year, the company posted $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 0.5 %

Shares of TRIN stock opened at $15.26 on Tuesday. Trinity Capital has a twelve month low of $11.32 and a twelve month high of $15.44. The company has a market capitalization of $708.63 million, a price-to-earnings ratio of 7.99 and a beta of 0.62. The firm has a 50-day moving average price of $14.61 and a 200 day moving average price of $14.48. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.08.

Trinity Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.37%. This is an increase from Trinity Capital’s previous quarterly dividend of $0.50. Trinity Capital’s payout ratio is currently 106.81%.

Insider Buying and Selling at Trinity Capital

In other Trinity Capital news, CEO Kyle Steven Brown acquired 3,354 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $14.91 per share, with a total value of $50,008.14. Following the completion of the transaction, 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 SEC, which can be accessed through the SEC website. 7.75% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TRIN has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Trinity Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Monday, March 18th. B. Riley restated a “buy” rating and set a $16.50 price objective (up from $16.00) on shares of Trinity Capital in a report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.58.

About Trinity Capital

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.