$0.43 EPS Expected for TPG Specialty Lending, Inc. (TSLX) This Quarter
Analysts expect that TPG Specialty Lending, Inc. (NYSE:TSLX) will announce $0.43 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for TPG Specialty Lending’s earnings, with estimates ranging from $0.42 to $0.45. TPG Specialty Lending posted earnings per share of $0.51 in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.7%. The business is expected to report its next earnings results on Monday, November 6th.
According to Zacks, analysts expect that TPG Specialty Lending will report full year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $1.95. For the next year, analysts forecast that the company will post earnings of $1.78 per share, with EPS estimates ranging from $1.68 to $1.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The company had revenue of $58.82 million during the quarter, compared to analyst estimates of $49.41 million. TPG Specialty Lending had a return on equity of 12.68% and a net margin of 60.77%. TPG Specialty Lending’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share.
TSLX has been the subject of several recent analyst reports. BidaskClub upgraded shares of TPG Specialty Lending from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, July 5th. SunTrust Banks, Inc. restated a “buy” rating and set a $22.00 price target (up from $21.00) on shares of TPG Specialty Lending in a report on Wednesday, August 9th. National Securities restated a “neutral” rating and set a $19.00 price target on shares of TPG Specialty Lending in a report on Monday, August 7th. Finally, JMP Securities raised their price target on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $20.80.
TPG Specialty Lending (TSLX) traded down 1.38% during trading on Friday, hitting $20.03. The company had a trading volume of 348,129 shares. The firm’s 50 day moving average is $20.94 and its 200-day moving average is $20.53. TPG Specialty Lending has a 52-week low of $17.00 and a 52-week high of $21.74.
The firm also recently disclosed a special dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a dividend of $0.09 per share. This represents a yield of 7.38%. The ex-dividend date is Tuesday, August 29th. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 71.89%.
Several large investors have recently added to or reduced their stakes in TSLX. Pinebridge Investments L.P. increased its position in TPG Specialty Lending by 1.9% during the second quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 94 shares during the period. Ameriprise Financial Inc. bought a new position in TPG Specialty Lending during the first quarter worth $201,000. Dynamic Technology Lab Private Ltd bought a new position in TPG Specialty Lending during the first quarter worth $233,000. Koshinski Asset Management Inc. increased its position in TPG Specialty Lending by 21.8% during the second quarter. Koshinski Asset Management Inc. now owns 12,850 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 2,300 shares during the period. Finally, M&T Bank Corp bought a new position in TPG Specialty Lending during the first quarter worth $280,000. 62.65% of the stock is currently owned by 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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