Equities analysts forecast that TPG Specialty Lending Inc (NYSE:TSLX) will announce earnings of $0.53 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for TPG Specialty Lending’s earnings, with estimates ranging from $0.52 to $0.54. TPG Specialty Lending reported earnings of $0.45 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.8%. The firm is expected to report its next quarterly earnings report on Wednesday, February 20th.
On average, analysts expect that TPG Specialty Lending will report full-year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.12. For the next fiscal year, analysts anticipate that the company will post earnings of $2.03 per share, with EPS estimates ranging from $1.68 to $2.21. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. TPG Specialty Lending had a net margin of 55.73% and a return on equity of 12.21%. The company had revenue of $63.00 million during the quarter, compared to analysts’ expectations of $58.77 million. During the same quarter in the previous year, the company earned $0.41 earnings per share.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. TheStreet upgraded shares of TPG Specialty Lending from a “c+” rating to a “b” rating in a report on Tuesday, July 31st. Bank of America increased their price target on shares of TPG Specialty Lending from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, November 9th. National Securities reiterated a “buy” rating and issued a $21.00 price target on shares of TPG Specialty Lending in a report on Monday, August 6th. Finally, Keefe, Bruyette & Woods set a $22.00 price target on shares of TPG Specialty Lending and gave the company a “buy” rating in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.71.
TSLX remained flat at $$20.22 on Friday. 189,195 shares of the company’s stock were exchanged, compared to its average volume of 280,145. TPG Specialty Lending has a one year low of $17.00 and a one year high of $21.24. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $1.32 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 4.81 and a beta of 0.62.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.72%. TPG Specialty Lending’s dividend payout ratio is presently 78.00%.
In related news, Director Richard A. Higginbotham purchased 2,000 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was acquired at an average price of $19.73 per share, for a total transaction of $39,460.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $394,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of TSLX. Acadian Asset Management LLC acquired a new stake in TPG Specialty Lending in the 2nd quarter valued at about $121,000. Tower Research Capital LLC TRC grew its stake in TPG Specialty Lending by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,481 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 5,660 shares during the last quarter. Natixis acquired a new stake in TPG Specialty Lending in the 2nd quarter valued at about $208,000. Wakefield Asset Management LLLP acquired a new stake in TPG Specialty Lending in the 3rd quarter valued at about $271,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in TPG Specialty Lending in the 3rd quarter valued at about $274,000. 59.99% of the stock is currently owned by hedge funds and other institutional investors.
About TPG Specialty Lending
TPG Specialty Lending, Inc is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.
See Also: Outstanding Shares and The Effect on Share Price
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