$48.15 Million in Sales Expected for TPG Specialty Lending Inc (TSLX) This Quarter
Analysts expect TPG Specialty Lending Inc (NYSE:TSLX) to announce sales of $48.15 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for TPG Specialty Lending’s earnings, with the highest sales estimate coming in at $53.24 million and the lowest estimate coming in at $43.88 million. TPG Specialty Lending posted sales of $49.70 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.1%. The company is expected to announce 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 fiscal year, analysts expect that the company will post sales of $199.92 million per share, with estimates ranging from $182.00 million to $222.68 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.08. The company had revenue of $48.86 million for the quarter, compared to the consensus estimate of $48.58 million. TPG Specialty Lending had a return on equity of 12.63% and a net margin of 56.43%. During the same period in the previous year, the business earned $0.51 earnings per share.
Shares of TPG Specialty Lending (NYSE:TSLX) opened at $20.24 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1,246.05, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 3.43 and a beta of 0.67. TPG Specialty Lending has a 12-month low of $18.20 and a 12-month high of $21.74.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.71%. TPG Specialty Lending’s dividend payout ratio (DPR) is 79.59%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whalerock Point Partners LLC acquired a new position in TPG Specialty Lending in the second quarter valued at $636,000. Capital Fund Management S.A. acquired a new position in TPG Specialty Lending in the second quarter valued at $1,036,000. Strs Ohio increased its stake in TPG Specialty Lending by 2.0% in the third quarter. Strs Ohio now owns 4,642,465 shares of the financial services provider’s stock valued at $97,306,000 after purchasing an additional 90,656 shares during the last quarter. LSV Asset Management increased its stake in TPG Specialty Lending by 198.8% in the second quarter. LSV Asset Management now owns 124,600 shares of the financial services provider’s stock valued at $2,548,000 after purchasing an additional 82,900 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in TPG Specialty Lending by 163.1% in the second quarter. Goldman Sachs Group Inc. now owns 109,508 shares of the financial services provider’s stock valued at $2,239,000 after purchasing an additional 67,891 shares during the last quarter. 63.07% of the stock is owned by institutional investors.
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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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