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Trinity Capital (TRIN)
NASDAQ:TRIN
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.52Last Year’s EPS
0.52Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -10.97%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Trinity Capital demonstrated strong financial growth with record net investment income and fundings, alongside successful expansion into new markets. However, challenges such as maintaining low nonaccruals and managing debt obligations were noted. Overall, the highlights significantly outweigh the lowlights, indicating a positive performance outlook.Company Guidance
During Trinity Capital's fourth quarter and full-year 2024 earnings call, the company reported significant financial milestones and provided forward-looking guidance. Key metrics included a record $116 million in net investment income, equivalent to $2.20 per share, and $1.2 billion in fundings for the year. The fourth quarter alone saw a net investment income of $35 million, marking a 38% increase from the previous year, with net asset value rising to $823 million, up 9% from the prior quarter. The company also highlighted a platform AUM surpassing $2 billion and declared a fourth-quarter cash dividend of $0.51 per share. Trinity Capital's strategic initiatives, such as the expansion into Europe and the launch of new business verticals like sponsor finance and asset-backed lending, were emphasized as drivers of growth and diversification. The company maintained a low net leverage ratio of 1.08 times and reported strong portfolio credit quality, with a 99.2% performing portfolio on a fair value basis. Looking forward, Trinity Capital aims to continue leveraging its internally managed structure to align with shareholders and capitalize on new investment opportunities.Record Net Investment Income
Trinity Capital achieved a record net investment income of $116 million for the year, translating to $2.20 per share.
Significant Growth in Fundings
The company reached $1.2 billion in total fundings, marking a substantial increase in their financial activities.
Expansion into Europe
Trinity Capital expanded its lending platform into Europe by establishing a London-based team.
Strong Fourth Quarter Performance
Net investment income for Q4 was $35 million, a 38% increase compared to the same period last year.
Increase in Net Asset Value
Net asset value grew to $823 million, a 9% increase from the previous quarter.
Debt Obligations Management
All debt obligations due until August 2026 have been settled, providing a more stable financial outlook.
Strong Portfolio Performance
99.2% of the portfolio is performing, and the average credit rating stands at 2.9 out of 5.
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TRIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TRIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $15.23 | $16.01 | +5.12% |
| Oct 30, 2024 | $12.70 | $12.73 | +0.24% |
| Aug 07, 2024 | $12.68 | $12.99 | +2.44% |
| May 01, 2024 | $13.18 | $12.78 | -3.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Trinity Capital (TRIN) report earnings?
Trinity Capital (TRIN) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Trinity Capital (TRIN) earnings time?
Trinity Capital (TRIN) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRIN EPS forecast?
TRIN EPS forecast for the fiscal quarter 2025 (Q1) is 0.52.
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