Brokerages predict that TPG Specialty Lending Inc (NYSE:TSLX) will announce $48.15 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for TPG Specialty Lending’s earnings. The highest sales estimate is $53.24 million and the lowest is $43.88 million. TPG Specialty Lending reported sales of $49.70 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.1%. The firm is scheduled to report its next earnings report on Wednesday, February 28th.
On average, analysts expect that TPG Specialty Lending will report full year sales of $48.15 million for the current fiscal year, with estimates ranging from $206.00 million to $215.32 million. For the next year, analysts anticipate that the business will post sales of $199.92 million per share, with estimates ranging from $182.00 million to $222.68 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.43 by $0.08. TPG Specialty Lending had a return on equity of 12.63% and a net margin of 56.43%. The business had revenue of $48.86 million during the quarter, compared to the consensus estimate of $48.58 million. During the same quarter last year, the company earned $0.51 EPS.
Several research analysts have commented on the company. Zacks Investment Research upgraded TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Friday, November 10th. SunTrust Banks reiterated a “buy” rating and set a $22.00 price target on shares of TPG Specialty Lending in a research report on Friday, November 10th. BidaskClub downgraded TPG Specialty Lending from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Finally, National Securities lifted their price target on TPG Specialty Lending from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.75.
Shares of TPG Specialty Lending (TSLX) traded up $0.09 during midday trading on Thursday, reaching $19.87. The company’s stock had a trading volume of 126,300 shares, compared to its average volume of 145,575. TPG Specialty Lending has a fifty-two week low of $18.20 and a fifty-two week high of $21.74. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. The company has a market cap of $1,196.67, a P/E ratio of 10.14, a P/E/G ratio of 3.68 and a beta of 0.67.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 15th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.85%. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 79.59%.
Institutional investors and hedge funds have recently modified their holdings of the company. Pinebridge Investments L.P. boosted its position in shares of TPG Specialty Lending by 1.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 94 shares during the last quarter. Global X MANAGEMENT CO LLC raised its holdings in shares of TPG Specialty Lending by 37.9% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,454 shares of the financial services provider’s stock valued at $198,000 after buying an additional 2,600 shares in the last quarter. Nationwide Fund Advisors purchased a new position in shares of TPG Specialty Lending during the 3rd quarter valued at about $256,000. Koshinski Asset Management Inc. raised its holdings in shares of TPG Specialty Lending by 21.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 16,400 shares of the financial services provider’s stock valued at $325,000 after buying an additional 2,950 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new position in shares of TPG Specialty Lending during the 2nd quarter valued at about $491,000. Hedge funds and other institutional investors own 62.93% of the company’s stock.
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About TPG Specialty Lending
TPG Specialty Lending, Inc is an externally managed, closed-end, non-diversified management investment company. The Company is a specialty finance company focused on lending to middle-market companies. It seeks to generate current income primarily in the United States-domiciled middle-market companies through direct originations of senior secured loans and originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.
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