Zacks: Brokerages Expect TPG Specialty Lending, Inc. (TSLX) Will Announce Quarterly Sales of $48.00 Million
Wall Street analysts predict that TPG Specialty Lending, Inc. (NYSE:TSLX) will report $48.00 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for TPG Specialty Lending’s earnings, with the highest sales estimate coming in at $50.24 million and the lowest estimate coming in at $44.73 million. TPG Specialty Lending posted sales of $53.92 million during the same quarter last year, which would indicate a negative year over year growth rate of 11%. The business is expected to announce its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that TPG Specialty Lending will report full-year sales of $48.00 million for the current fiscal year, with estimates ranging from $191.00 million to $203.08 million. For the next fiscal year, analysts expect that the firm will report sales of $207.00 million per share, with estimates ranging from $189.00 million to $226.66 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. TPG Specialty Lending had a return on equity of 12.68% and a net margin of 60.77%. The company had revenue of $58.82 million during the quarter, compared to the consensus estimate of $49.41 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 27.8% compared to the same quarter last year.
A number of research firms have commented on TSLX. BidaskClub raised shares of TPG Specialty Lending from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. National Securities reaffirmed a “neutral” rating and set a $19.00 target price on shares of TPG Specialty Lending in a report on Monday, May 8th. Finally, Zacks Investment Research raised shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Wednesday, July 5th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.25.
Shares of TPG Specialty Lending (NYSE TSLX) opened at 21.12 on Monday. The stock’s 50 day moving average price is $20.53 and its 200-day moving average price is $20.14. TPG Specialty Lending has a 12 month low of $17.00 and a 12 month high of $21.25.
The firm also recently announced a special dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.09 per share. This represents a yield of 7.38%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s payout ratio is currently 71.89%.
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A number of hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. acquired a new stake in TPG Specialty Lending during the first quarter worth approximately $201,000. Koshinski Asset Management Inc. acquired a new stake in TPG Specialty Lending during the first quarter worth approximately $215,000. Dynamic Technology Lab Private Ltd acquired a new stake in TPG Specialty Lending during the first quarter worth approximately $233,000. Sigma Planning Corp acquired a new stake in TPG Specialty Lending during the first quarter worth approximately $261,000. Finally, M&T Bank Corp acquired a new stake in TPG Specialty Lending during the first quarter worth approximately $280,000. 64.35% of the stock is owned by hedge funds and other institutional investors.
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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