Wall Street analysts forecast that TPG Specialty Lending Inc (NYSE:TSLX) will report sales of $48.15 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for TPG Specialty Lending’s earnings, with estimates ranging from $43.88 million to $53.24 million. TPG Specialty Lending reported sales of $49.70 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The company is expected to issue its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that TPG Specialty Lending will report full year sales of $48.15 million for the current fiscal year, with estimates ranging from $206.00 million to $215.32 million. For the next year, analysts expect that the business will report sales of $199.92 million per share, with estimates ranging from $182.00 million to $222.68 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow TPG Specialty Lending.

TPG Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. TPG Specialty Lending had a net margin of 47.34% and a return on equity of 10.27%. The firm had revenue of $48.86 million for the quarter, compared to the consensus estimate of $48.58 million. During the same quarter in the previous year, the firm earned $0.51 EPS.

A number of research analysts have recently issued reports on TSLX shares. BidaskClub downgraded shares of TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 31st. National Securities reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of TPG Specialty Lending in a research report on Monday, August 7th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $22.00 price objective on shares of TPG Specialty Lending in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, JMP Securities lifted their target price on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $21.75.

TPG Specialty Lending (NYSE:TSLX) opened at $20.83 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.76. TPG Specialty Lending has a 12-month low of $18.13 and a 12-month high of $21.74. The stock has a market cap of $1,254.49, a P/E ratio of 10.31, a PEG ratio of 3.46 and a beta of 0.69.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date of this dividend is Thursday, December 14th. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 79.59%.

Hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. boosted its stake in TPG Specialty Lending by 1.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 94 shares in the last quarter. Global X MANAGEMENT CO LLC boosted its stake in TPG Specialty Lending by 37.9% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,454 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 2,600 shares in the last quarter. Nationwide Fund Advisors acquired a new stake in TPG Specialty Lending in the 3rd quarter worth approximately $256,000. Eagle Global Advisors LLC acquired a new stake in TPG Specialty Lending in the 2nd quarter worth approximately $304,000. Finally, California Public Employees Retirement System acquired a new stake in TPG Specialty Lending in the 2nd quarter worth approximately $491,000. Institutional investors own 61.00% of the company’s stock.

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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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