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Trinity Capital (TRIN)
NASDAQ:TRIN
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.53Last Year’s EPS
0.54Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2021
|% Change Since: 11.36%
|Next Earnings Date:Mar 04, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record investment income and growth in net asset value. Despite challenges such as increased nonaccrual loans and higher operating expenses, the company's strategic growth initiatives and dividend performance were emphasized positively.Company Guidance
In the third quarter of 2024, Trinity Capital delivered strong financial results, highlighted by record net investment income of $29 million, a 26% increase compared to the same quarter last year. The company also saw a substantial increase in net asset value, reaching $757 million, up 11% from the previous quarter. Total platform assets under management (AUM) hit a record $2 billion, driven by $459 million in investments, including $406 million in secured loans to 11 new portfolio companies. Trinity maintained its consistent growth in dividends, paying $0.51 per share, marking its 19th consecutive quarter of either consistent or increased dividends. The company's robust performance was supported by its five business verticals—tech lending, equipment finance, life science, warehouse financing, and sponsor finance. The effective yield on the portfolio was a leading 16.1%, with a core yield of 14.9%. Additionally, Trinity's net leverage ratio was 1.2x as of September 30, 2024, with an estimated undistributed taxable income of approximately $64.5 million, or $1.12 per share. Overall, Trinity showcased its strategic growth initiatives and efficient scaling, positioning itself for continued expansion and strong shareholder returns.Record Net Investment Income
Trinity Capital achieved a record net investment income of $29 million, marking a 26% increase compared to Q3 of the previous year.
Platform AUM Milestone
Platform Assets Under Management (AUM) reached a record $2 billion, highlighting significant growth.
Strong Dividend Performance
The company paid a cash dividend of $0.51 per share, continuing a streak of 19 consecutive quarters of consistent or increased dividends.
Record Total Investment Income
Total investment income reached a record $61.8 million, a 33% increase over the same period in 2023.
Portfolio Credit Quality
Approximately 98.6% of the portfolio was performing on a fair value basis, with an average internal credit rating of 2.9.
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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 |
|---|---|---|---|
| Oct 30, 2024 | $13.12 | $13.15 | +0.23% |
| Aug 07, 2024 | $13.10 | $13.42 | +2.44% |
| May 01, 2024 | $13.62 | $13.20 | -3.08% |
| Mar 06, 2024 | $12.48 | $12.91 | +3.45% |
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 Feb 27, 2025, TBA Not Confirmed.
What is Trinity Capital (TRIN) earnings time?
Trinity Capital (TRIN) earnings time is at Feb 27, 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 2024 (Q4) is 0.53.
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