Analysts expect TPG Specialty Lending Inc (NYSE:TSLX) to announce earnings of $0.48 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for TPG Specialty Lending’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.49. TPG Specialty Lending reported earnings per share of $0.50 during the same quarter last year, which would suggest a negative year over year growth rate of 4%. The business is scheduled to issue its next earnings results on Tuesday, November 5th.
On average, analysts expect that TPG Specialty Lending will report full-year earnings of $1.84 per share for the current fiscal year, with EPS estimates ranging from $1.78 to $1.86. For the next financial year, analysts anticipate that the company will report earnings of $1.99 per share, with EPS estimates ranging from $1.94 to $2.03. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.01. The company had revenue of $62.43 million for the quarter, compared to analysts’ expectations of $57.40 million. TPG Specialty Lending had a net margin of 54.68% and a return on equity of 12.45%. During the same quarter in the prior year, the firm earned $0.52 EPS.
Several equities analysts recently weighed in on the stock. National Securities reaffirmed a “buy” rating and issued a $23.00 price target on shares of TPG Specialty Lending in a research report on Monday, May 6th. Wells Fargo & Co raised shares of TPG Specialty Lending from a “market perform” rating to an “outperform” rating and raised their price target for the company from $20.50 to $21.00 in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.25.
NYSE TSLX traded up $0.36 during trading hours on Wednesday, hitting $20.50. The company’s stock had a trading volume of 200,200 shares, compared to its average volume of 210,905. TPG Specialty Lending has a 52 week low of $17.75 and a 52 week high of $21.24. The company has a market capitalization of $1.34 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 11.01 and a beta of 0.62. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.84. The company’s 50-day simple moving average is $19.79 and its two-hundred day simple moving average is $19.95.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.16 annualized dividend and a yield of 0.78%. TPG Specialty Lending’s payout ratio is 69.33%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio increased its stake in shares of TPG Specialty Lending by 2.7% in the second quarter. Strs Ohio now owns 5,511,274 shares of the financial services provider’s stock worth $108,020,000 after purchasing an additional 146,626 shares in the last quarter. Sound Income Strategies LLC boosted its stake in TPG Specialty Lending by 33.4% in the 2nd quarter. Sound Income Strategies LLC now owns 1,087,558 shares of the financial services provider’s stock worth $21,316,000 after purchasing an additional 272,290 shares in the last quarter. LSV Asset Management boosted its stake in TPG Specialty Lending by 10.9% in the 2nd quarter. LSV Asset Management now owns 796,178 shares of the financial services provider’s stock worth $15,605,000 after purchasing an additional 77,978 shares in the last quarter. Marshall Wace LLP boosted its stake in TPG Specialty Lending by 21,253.6% in the 1st quarter. Marshall Wace LLP now owns 665,379 shares of the financial services provider’s stock worth $13,308,000 after purchasing an additional 662,263 shares in the last quarter. Finally, Cliffwater LLC boosted its stake in TPG Specialty Lending by 8.1% in the 2nd quarter. Cliffwater LLC now owns 467,851 shares of the financial services provider’s stock worth $9,170,000 after purchasing an additional 35,137 shares in the last quarter. 60.57% of the stock is currently owned by institutional investors and hedge funds.
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.
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