Brokerages Anticipate BlackRock TCP Capital Corp (TCPC) to Announce $0.40 EPS

Wall Street analysts expect BlackRock TCP Capital Corp (NASDAQ:TCPC) to report $0.40 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for BlackRock TCP Capital’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.39. BlackRock TCP Capital posted earnings per share of $0.41 in the same quarter last year, which indicates a negative year-over-year growth rate of 2.4%. The business is expected to report its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that BlackRock TCP Capital will report full year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.64. For the next financial year, analysts forecast that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.60 to $1.71. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover BlackRock TCP Capital.

BlackRock TCP Capital (NASDAQ:TCPC) last posted its quarterly earnings results on Thursday, February 28th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $48.38 million during the quarter, compared to analysts’ expectations of $49.43 million. BlackRock TCP Capital had a net margin of 21.88% and a return on equity of 11.27%.

Several research analysts recently issued reports on TCPC shares. BidaskClub raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. National Securities cut their price target on shares of BlackRock TCP Capital from $19.00 to $18.00 and set a “buy” rating for the company in a report on Monday, March 4th. Zacks Investment Research cut shares of BlackRock TCP Capital from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, TheStreet cut shares of BlackRock TCP Capital from a “b-” rating to a “c+” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. BlackRock TCP Capital currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Institutional investors have recently modified their holdings of the business. Roosevelt Investment Group Inc. purchased a new position in BlackRock TCP Capital in the fourth quarter valued at about $722,000. Fort Washington Investment Advisors Inc. OH increased its holdings in BlackRock TCP Capital by 24.6% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 225,472 shares of the investment management company’s stock valued at $2,940,000 after buying an additional 44,544 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in BlackRock TCP Capital by 13.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 17,559 shares of the investment management company’s stock valued at $221,000 after buying an additional 2,066 shares in the last quarter. Jane Street Group LLC purchased a new position in BlackRock TCP Capital in the fourth quarter valued at about $240,000. Finally, Royce & Associates LP purchased a new position in BlackRock TCP Capital in the fourth quarter valued at about $1,312,000. 46.04% of the stock is owned by institutional investors.

NASDAQ TCPC traded up $0.09 during trading hours on Thursday, hitting $14.53. 137,207 shares of the stock were exchanged, compared to its average volume of 242,869. The stock has a market capitalization of $847.99 million, a P/E ratio of 9.14, a P/E/G ratio of 2.98 and a beta of 0.80. BlackRock TCP Capital has a 12-month low of $12.52 and a 12-month high of $14.98. The company has a quick ratio of 12.33, a current ratio of 3.75 and a debt-to-equity ratio of 0.97.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.44 dividend on an annualized basis and a yield of 9.91%. BlackRock TCP Capital’s dividend payout ratio (DPR) is presently 90.57%.

BlackRock TCP Capital Company Profile

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.

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Earnings History and Estimates for BlackRock TCP Capital (NASDAQ:TCPC)

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