Trinity Capital (TRIN) to Release Earnings on Wednesday

Trinity Capital (NASDAQ:TRIN) is projected to post its quarterly earnings results 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. Investors interested in registering for the company’s conference call can do so using this link.

Trinity Capital Price Performance

Shares of TRIN opened at $15.83 on Monday. The company has a market capitalization of $932.55 million, a P/E ratio of 9.26 and a beta of 0.56. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital has a twelve month low of $13.05 and a twelve month high of $16.26. The firm has a 50 day moving average of $15.01 and a 200 day moving average of $14.38.

Trinity Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued 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 dividend yield of 12.89%. Trinity Capital’s payout ratio is 119.30%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reiterated an “underweight” rating and set a $13.00 price target on shares of Trinity Capital in a research note 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.