Brokerages expect TPG Specialty Lending Inc (NYSE:TSLX) to report earnings per share (EPS) of $0.48 for the current fiscal quarter, according to Zacks. Four analysts have provided 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 in the same quarter last year, which indicates a negative year-over-year growth rate of 4%. The business is scheduled to report its next quarterly 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 financial year, with EPS estimates ranging from $1.78 to $1.86. For the next fiscal year, analysts expect 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 an average based on a survey of research analysts that that provide coverage for TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The firm had revenue of $62.43 million during 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 period in the prior year, the company earned $0.52 EPS.
Several research firms recently commented on TSLX. Wells Fargo & Co upgraded shares of TPG Specialty Lending from a “market perform” rating to an “outperform” rating and upped their target price for the company from $20.50 to $21.00 in a research note on Thursday, August 1st. National Securities reiterated a “buy” rating and set a $23.00 target price on shares of TPG Specialty Lending in a research note on Monday, May 6th. Finally, Zacks Investment Research cut shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.25.
Several hedge funds have recently made changes to their positions in the company. Strs Ohio raised its stake in shares of TPG Specialty Lending by 2.7% in the 2nd quarter. Strs Ohio now owns 5,511,274 shares of the financial services provider’s stock valued at $108,020,000 after buying an additional 146,626 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of 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 valued at $21,316,000 after buying an additional 272,290 shares in the last quarter. LSV Asset Management raised its stake in shares of 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 valued at $15,605,000 after buying an additional 77,978 shares in the last quarter. Marshall Wace LLP raised its stake in shares of 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 valued at $13,308,000 after buying an additional 662,263 shares in the last quarter. Finally, Cliffwater LLC raised its stake in shares of TPG Specialty Lending by 8.1% in the 2nd quarter. Cliffwater LLC now owns 467,851 shares of the financial services provider’s stock valued at $9,170,000 after buying an additional 35,137 shares in the last quarter. Institutional investors own 61.20% of the company’s stock.
NYSE:TSLX traded up $0.30 during trading hours on Wednesday, hitting $20.80. 8,903 shares of the company traded hands, compared to its average volume of 202,573. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 10.94 and a beta of 0.62. TPG Specialty Lending has a twelve month low of $17.75 and a twelve month high of $21.24. The firm has a 50-day moving average of $19.79 and a 200 day moving average of $19.95. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, August 29th. TPG Specialty Lending’s dividend payout ratio is 69.33%.
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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