TriplePoint Venture Growth BDC (TPVG) to Release Earnings on Wednesday

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

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings results on Wednesday, March 5th. The investment management company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $25.75 million for the quarter, compared to the consensus estimate of $26.68 million. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. 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 Stock Up 1.1 %

NYSE:TPVG opened at $6.08 on Monday. TriplePoint Venture Growth BDC has a 12-month low of $5.53 and a 12-month high of $9.70. The firm has a market capitalization of $243.83 million, a price-to-earnings ratio of 28.93 and a beta of 1.65. The stock’s 50 day moving average price is $6.74 and its two-hundred day moving average price is $7.32.

TriplePoint Venture Growth BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 19.75%. The ex-dividend date was Monday, March 17th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 146.34%.

Analyst Upgrades and Downgrades

Several research firms have commented on TPVG. Piper Sandler decreased their price objective on shares of TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Compass Point decreased their price target on shares of TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. UBS Group cut their price objective on shares of TriplePoint Venture Growth BDC from $7.50 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company lowered their target price on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set an “underweight” rating on the stock in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods lowered their price objective on TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.79.

TriplePoint Venture Growth BDC Company Profile

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.