TPG Specialty Lending (NYSE:TSLX) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.46 per share for the quarter.
TPG Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). TPG Specialty Lending had a net margin of 48.29% and a return on equity of 13.05%. The company had revenue of $52.49 million during the quarter, compared to the consensus estimate of $56.40 million. During the same period last year, the company earned $0.56 earnings per share. TPG Specialty Lending’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts expect TPG Specialty Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of TPG Specialty Lending stock opened at $19.70 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. TPG Specialty Lending has a fifty-two week low of $17.75 and a fifty-two week high of $21.24. The firm has a fifty day moving average of $19.73. The company has a market cap of $1.30 billion, a P/E ratio of 8.76, a PEG ratio of 10.71 and a beta of 0.65.
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 14th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date was Thursday, June 13th. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 69.33%.
TSLX has been the subject of a number of research reports. National Securities reissued a “buy” rating and issued a $5.00 price target on shares of Aquabounty Technologies in a report on Monday, May 6th. Zacks Investment Research downgraded shares of ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Wells Fargo & Co increased their price objective on shares of Wingstop from $76.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. TPG Specialty Lending presently has a consensus rating of “Hold” and a consensus price target of $22.08.
In other TPG Specialty Lending news, Director Hurley Doddy acquired 2,100 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $19.80 per share, for a total transaction of $41,580.00. Following the purchase, the director now owns 3,900 shares in the company, valued at approximately $77,220. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.40% of the company’s stock.
TPG Specialty Lending Company Profile
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.
Further Reading: Cost of Equity For A Business, Investors
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