Wall Street brokerages expect Oaktree Specialty Lending Corp (NASDAQ:OCSL) to announce $0.12 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Oaktree Specialty Lending’s earnings. Oaktree Specialty Lending also posted earnings of $0.12 per share during the same quarter last year. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, November 20th.
On average, analysts expect that Oaktree Specialty Lending will report full-year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $0.49. For the next year, analysts anticipate that the firm will post earnings of $0.51 per share, with EPS estimates ranging from $0.48 to $0.53. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Oaktree Specialty Lending.
Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Wednesday, August 7th. The credit services provider reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $36.67 million during the quarter, compared to the consensus estimate of $39.57 million. Oaktree Specialty Lending had a return on equity of 7.66% and a net margin of 96.11%.
Several research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Oaktree Specialty Lending in a report on Thursday, October 10th. They issued a “buy” rating and a $6.50 price target on the stock. Janney Montgomery Scott assumed coverage on Oaktree Specialty Lending in a report on Monday, July 29th. They issued a “neutral” rating on the stock. TheStreet raised Oaktree Specialty Lending from a “c” rating to a “b” rating in a report on Monday, August 12th. Finally, Zacks Investment Research cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Oaktree Specialty Lending has a consensus rating of “Hold” and an average target price of $6.31.
In other Oaktree Specialty Lending news, major shareholder Leonard M. Tannenbaum sold 22,725 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $5.26, for a total value of $119,533.50. 0.16% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in OCSL. Marshall Wace LLP acquired a new stake in Oaktree Specialty Lending during the 1st quarter valued at $1,107,000. DNB Asset Management AS raised its stake in Oaktree Specialty Lending by 2.0% during the 2nd quarter. DNB Asset Management AS now owns 130,200 shares of the credit services provider’s stock valued at $706,000 after purchasing an additional 2,600 shares during the period. Raymond James Trust N.A. acquired a new stake in Oaktree Specialty Lending during the 2nd quarter valued at $62,000. Triad Investment Management raised its stake in Oaktree Specialty Lending by 24.1% during the 2nd quarter. Triad Investment Management now owns 594,703 shares of the credit services provider’s stock valued at $3,223,000 after purchasing an additional 115,392 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Oaktree Specialty Lending during the 2nd quarter valued at $58,000. 50.04% of the stock is currently owned by institutional investors.
Shares of NASDAQ OCSL traded up $0.01 during trading on Monday, hitting $5.19. The company had a trading volume of 307,900 shares, compared to its average volume of 362,982. The company has a market cap of $733.34 million, a P/E ratio of 12.07, a PEG ratio of 5.11 and a beta of 0.51. Oaktree Specialty Lending has a 52 week low of $4.08 and a 52 week high of $5.75. The business’s 50-day moving average is $5.17 and its 200 day moving average is $5.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.05 and a current ratio of 0.05.
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.095 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.38 annualized dividend and a dividend yield of 7.32%. Oaktree Specialty Lending’s dividend payout ratio is currently 88.37%.
Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.
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