Analysts Expect BlackRock TCP Capital Corp (NASDAQ:TCPC) Will Post Earnings of $0.40 Per Share

Equities research analysts forecast that BlackRock TCP Capital Corp (NASDAQ:TCPC) will post earnings per share (EPS) of $0.40 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for BlackRock TCP Capital’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.41. BlackRock TCP Capital also posted earnings per share of $0.40 in the same quarter last year. The company is scheduled to report its next quarterly earnings results before the market opens on Wednesday, February 26th.

On average, analysts expect that BlackRock TCP Capital will report full-year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.65. For the next financial year, analysts forecast that the business will post earnings of $1.60 per share, with EPS estimates ranging from $1.57 to $1.65. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow BlackRock TCP Capital.

A number of research analysts have commented on the company. TheStreet upgraded BlackRock TCP Capital from a “c” rating to a “b” rating in a research note on Friday, November 22nd. ValuEngine upgraded BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Zacks Investment Research upgraded BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Wells Fargo & Co cut BlackRock TCP Capital from an “overweight” rating to an “equal weight” rating and set a $14.50 price objective on the stock. in a research note on Wednesday, January 15th. They noted that the move was a valuation call. Finally, BidaskClub cut BlackRock TCP Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, December 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. BlackRock TCP Capital presently has an average rating of “Hold” and a consensus price target of $15.88.

NASDAQ:TCPC traded down $0.04 during trading hours on Friday, reaching $14.61. 294,487 shares of the stock were exchanged, compared to its average volume of 297,784. The company has a quick ratio of 21.24, a current ratio of 21.24 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average of $14.24 and a two-hundred day moving average of $13.92. BlackRock TCP Capital has a twelve month low of $13.12 and a twelve month high of $14.88. The company has a market capitalization of $853.28 million, a price-to-earnings ratio of 28.10, a PEG ratio of 3.02 and a beta of 0.66.

A number of large investors have recently bought and sold shares of the stock. Cetera Advisor Networks LLC increased its holdings in BlackRock TCP Capital by 2.9% in the third quarter. Cetera Advisor Networks LLC now owns 26,937 shares of the investment management company’s stock valued at $364,000 after buying an additional 768 shares during the last quarter. Jag Capital Management LLC increased its holdings in BlackRock TCP Capital by 1.3% in the third quarter. Jag Capital Management LLC now owns 57,954 shares of the investment management company’s stock valued at $786,000 after buying an additional 769 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in BlackRock TCP Capital by 1.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 47,576 shares of the investment management company’s stock valued at $668,000 after buying an additional 861 shares during the last quarter. Monument Capital Management increased its holdings in BlackRock TCP Capital by 1.3% in the fourth quarter. Monument Capital Management now owns 87,145 shares of the investment management company’s stock valued at $1,224,000 after buying an additional 1,128 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in BlackRock TCP Capital by 18.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,186 shares of the investment management company’s stock valued at $171,000 after buying an additional 1,883 shares during the last quarter. 36.63% of the stock is currently owned by hedge funds and other institutional investors.

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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