Trinity Capital (NASDAQ:TRIN) Updates Q4 2024 Earnings Guidance

Trinity Capital (NASDAQ:TRIN) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.580-0.600 for the period, compared to the consensus earnings per share estimate of 0.530. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

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

Trinity Capital Price Performance

TRIN stock traded up $0.15 on Tuesday, reaching $15.48. 542,815 shares of the company’s stock were exchanged, compared to its average volume of 537,559. The stock has a fifty day moving average of $14.60 and a 200-day moving average of $14.22. Trinity Capital has a twelve month low of $13.05 and a twelve month high of $15.51. The firm has a market cap of $911.93 million, a PE ratio of 9.05 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 13.18%. The ex-dividend date was Tuesday, December 31st. Trinity Capital’s dividend payout ratio is presently 119.30%.

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.