Trinity Capital (TRIN) Projected to Post Earnings on Wednesday

Trinity Capital (NASDAQ:TRIN) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect Trinity Capital to post earnings of $0.53 per share and revenue of $64.13 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Trinity Capital Price Performance

Shares of Trinity Capital stock opened at $15.93 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. Trinity Capital has a 52-week low of $13.05 and a 52-week high of $16.26. The company has a fifty day moving average of $15.04 and a 200-day moving average of $14.39. The stock has a market capitalization of $938.37 million, a price-to-earnings ratio of 9.32 and a beta of 0.56.

Trinity Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.04 annualized dividend and a yield of 12.81%. Trinity Capital’s payout ratio is 119.30%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reiterated an “underweight” rating and set a $13.00 price target on shares of Trinity Capital in a report on Monday, December 2nd.

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.