TPG Specialty Lending Inc (TSLX) Expected to Announce Quarterly Sales of $48.15 Million

Brokerages expect TPG Specialty Lending Inc (NYSE:TSLX) to report $48.15 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for TPG Specialty Lending’s earnings. The lowest sales estimate is $43.88 million and the highest is $53.24 million. TPG Specialty Lending reported sales of $49.70 million in the same quarter last year, which suggests a negative year-over-year growth rate of 3.1%. The business is expected to announce its next earnings report after the market closes on Wednesday, February 21st.

On average, 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 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 research firms that follow TPG Specialty Lending.

TPG Specialty Lending (NYSE:TSLX) last issued 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 business had revenue of $48.86 million for the quarter, compared to analyst estimates of $48.58 million. TPG Specialty Lending had a net margin of 56.43% and a return on equity of 12.63%. During the same period last year, the company posted $0.51 earnings per share.

A number of equities analysts have recently commented on TSLX shares. Zacks Investment Research lowered shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. SunTrust Banks reaffirmed a “buy” rating and set a $22.00 target price on shares of TPG Specialty Lending in a research report on Friday, November 10th. BidaskClub lowered shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Finally, National Securities raised their target price on shares of TPG Specialty Lending from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. TPG Specialty Lending presently has an average rating of “Hold” and an average price target of $21.75.

TPG Specialty Lending (TSLX) opened at $19.15 on Friday. The company has a market cap of $1,168.96, a P/E ratio of 9.77, a PEG ratio of 3.60 and a beta of 0.57. TPG Specialty Lending has a 1 year low of $18.52 and a 1 year high of $21.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.76.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 8.15%. The ex-dividend date of this dividend was Thursday, December 14th. TPG Specialty Lending’s payout ratio is 79.59%.

Hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. increased its holdings in TPG Specialty Lending by 56.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 88,289 shares of the financial services provider’s stock valued at $1,851,000 after buying an additional 31,754 shares during the period. Strs Ohio increased its holdings in 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 buying an additional 90,656 shares during the period. Mackenzie Financial Corp increased its holdings in TPG Specialty Lending by 19.0% during the third quarter. Mackenzie Financial Corp now owns 66,000 shares of the financial services provider’s stock valued at $1,383,000 after buying an additional 10,553 shares during the period. Macquarie Group Ltd. purchased a new position in TPG Specialty Lending during the third quarter valued at approximately $811,000. Finally, Goldman Sachs Group Inc. increased its holdings in TPG Specialty Lending by 163.1% during 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 buying an additional 67,891 shares during the period. 63.09% of the stock is currently 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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