TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.37 per share.
For the full year, analysts predict revenues of $ 90.71 million, while looking forward to income of $ 1.54 per share.
Previous Quarter Performance
TriplePoint Venture Growth BDC Corp. posted income for the second quarter of $ 0.38 per share, from the revenue of $ 23.80 million. According to street consensus, TPVG was expected to report 2Q20 income of $ 0.35 per share from revenue of $ 22.14 million. The bottom line results beat street analysts by $ 0.03 or 8.57 percent, at the same time, top line results outshined analysts by $ 1.66 million or 7.50 percent.
Stock Performance
Shares of TriplePoint Venture Growth BDC Corp. traded up $ 0.31 or 2.82 percent on Wednesday, reaching $ 11.29 with volume of 145.80 thousand shares. TriplePoint Venture Growth BDC Corp. has traded high as $ 11.31 and has cracked $ 10.68 on the downward trend
The closing price of $ 11.29, representing a 292.14 % increase from the 52 week low of $ 2.80 and a 35.34 % decrease over the 52 week high of $ 16.98.
The company has a market capital of $ 347.56 million and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.36 per share to holders of record as of the close of business on August 31, 2020, with payment date of September 15, 2020 and ex-dividend date on August 28, 2020.
Conference Call
TriplePoint Venture Growth BDC Corp. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tpvg.com
TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.
