TPG Specialty Lending, Inc. (NYSE:TSLX) Set to Announce Earnings on Wednesday
TPG Specialty Lending, Inc. (NYSE:TSLX) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 2nd. Analysts expect TPG Specialty Lending to post earnings of $0.45 per share for the quarter.
TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. TPG Specialty Lending had a net margin of 73.53% and a return on equity of 11.94%. The firm had revenue of $50.95 million for the quarter, compared to the consensus estimate of $48.81 million. On average, analysts expect TPG Specialty Lending to post $1.80 EPS for the current fiscal year and $1.78 EPS for the next fiscal year.
Shares of TPG Specialty Lending, Inc. (NYSE:TSLX) opened at 20.52 on Wednesday. The stock has a 50 day moving average of $20.58 and a 200-day moving average of $20.02. TPG Specialty Lending, Inc. has a one year low of $17.00 and a one year high of $21.10.
The company also recently declared a special dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, May 26th. This represents a dividend yield of 7.68%. TPG Specialty Lending’s dividend payout ratio is currently 62.90%.
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A number of research firms have issued reports on TSLX. Zacks Investment Research upgraded TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday. BidaskClub downgraded TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 20th. Finally, National Securities restated a “neutral” rating and set a $19.00 price target on shares of TPG Specialty Lending in a research note on Monday, May 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.83.
TPG Specialty Lending Company Profile
TPG Specialty Lending, Inc is an externally managed, closed-end, non-diversified management investment company. The Company is a specialty finance company focused on lending to middle-market companies. It seeks to generate current income primarily in the United States-domiciled middle-market companies through direct originations of senior secured loans and originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.
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