TPG Specialty Lending Inc (TSLX) Expected to Post Quarterly Sales of $48.15 Million
Analysts expect that TPG Specialty Lending Inc (NYSE:TSLX) will post sales of $48.15 million for the current quarter, Zacks reports. Four analysts have made 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 suggests a negative year over year growth rate of 3.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that TPG Specialty Lending will report full-year sales of $48.15 million for the current financial year, with estimates ranging from $206.00 million to $215.32 million. For the next fiscal year, analysts anticipate that the firm will report 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 an average based on a survey of sell-side analysts that cover TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.08. TPG Specialty Lending had a net margin of 56.43% and a return on equity of 12.63%. The firm had revenue of $48.86 million during the quarter, compared to analyst estimates of $48.58 million. During the same quarter in the prior year, the business posted $0.51 earnings per share.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TSLX. Greenwich Investment Management Inc. bought a new stake in shares of TPG Specialty Lending during the second quarter valued at approximately $2,305,000. Atlantic Trust Group LLC bought a new stake in shares of TPG Specialty Lending during the third quarter valued at approximately $2,100,000. OxFORD Asset Management LLP grew its stake in shares of TPG Specialty Lending by 767.3% during the third quarter. OxFORD Asset Management LLP now owns 106,007 shares of the financial services provider’s stock valued at $2,203,000 after purchasing an additional 93,784 shares during the last quarter. Strs Ohio grew its stake in shares of TPG Specialty Lending by 2.0% during 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. Finally, LSV Asset Management grew its stake in shares of TPG Specialty Lending by 198.8% during 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. 62.93% of the stock is currently owned by institutional investors and hedge funds.
TPG Specialty Lending (TSLX) opened at $20.00 on Thursday. TPG Specialty Lending has a 52-week low of $18.20 and a 52-week high of $21.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $1,200.00, a PE ratio of 10.20, a P/E/G ratio of 3.72 and a beta of 0.67.
The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 15th were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.56 annualized dividend and a dividend yield of 7.80%. TPG Specialty Lending’s dividend payout ratio (DPR) is currently 79.59%.
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About TPG Specialty Lending
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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