Trinity Capital (TRIN) Set to Announce Earnings on Wednesday

Trinity Capital (NASDAQ:TRIN) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect Trinity Capital to post earnings of $0.52 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Trinity Capital had a net margin of 40.06% and a return on equity of 16.14%. The business had revenue of $54.64 million during the quarter, compared to the consensus estimate of $53.17 million. During the same quarter last year, the company posted $0.58 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 Price Performance

NASDAQ:TRIN opened at $13.85 on Wednesday. The company has a market cap of $685.28 million, a P/E ratio of 8.60 and a beta of 0.55. The firm’s fifty day moving average price is $13.96 and its two-hundred day moving average price is $14.36. Trinity Capital has a one year low of $13.21 and a one year high of $15.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.11 and a quick ratio of 0.11.

Trinity Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.51 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.04 dividend on an annualized basis and a yield of 14.73%. Trinity Capital’s dividend payout ratio (DPR) is currently 126.71%.

Insiders Place Their Bets

In other news, CEO Kyle Steven Brown bought 3,500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were bought at an average price of $14.15 per share, with a total value of $49,525.00. Following the completion of the transaction, the chief executive officer now owns 975,298 shares of the company’s stock, valued at $13,800,466.70. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased 5,597 shares of company stock worth $78,913 over the last three months. Insiders own 6.38% of the company’s stock.

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.