BlackRock TCP Capital Corp. (NASDAQ:TCPC) is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.32 per share.
For the full year, analysts predict revenues of $ 167.20 million, while looking forward to income of $ 1.37 per share.
Previous Quarter Performance
BlackRock TCP Capital Corp. outlined income for the second quarter of $ 0.36 per share, from the revenue of $ 45.11 million. The quarterly earnings 12.20 percent while revenues reduced 6.35 percent compared with the same quarter last year.
Street analysts expected BlackRock TCP Capital Corp. to report income of $ 0.31 per share on revenue of $ 38.65 million for the second quarter. The bottom line results beat street analysts by $ 0.05 or 16.13 percent, at the same time, top line results outshined analysts by $ 6.46 million or 16.71 percent.
Stock Performance
On Friday, shares of BlackRock TCP Capital Corp. has traded high as $ 9.29 and has cracked $ 9.10 on the downward trend, reaching $ 9.25 with volume of 255.90 thousand shares.
According to the previous trading day, closing price of $ 9.25, representing a 129.35 % increase from the 52 week low of $ 4.02 and a 37.53 % decrease over the 52 week high of $ 14.76.
The company has a market capital of $ 534.35 million and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.30 per share to holders of record as of the close of business on September 16, 2020, with payment date of September 30, 2020 and ex-dividend date on September 15, 2020.
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.
