Equities analysts expect TPG Specialty Lending Inc (NYSE:TSLX) to post $65.06 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for TPG Specialty Lending’s earnings, with the lowest sales estimate coming in at $63.85 million and the highest estimate coming in at $66.53 million. TPG Specialty Lending reported sales of $48.83 million during the same quarter last year, which indicates a positive year-over-year growth rate of 33.2%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, February 20th.
According to Zacks, analysts expect that TPG Specialty Lending will report full-year sales of $252.21 million for the current year, with estimates ranging from $251.02 million to $253.70 million. For the next financial year, analysts forecast that the company will report sales of $256.61 million, with estimates ranging from $225.00 million to $287.13 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow TPG Specialty Lending.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded TPG Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. National Securities upped their target price on shares of TPG Specialty Lending from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. Finally, Bank of America upped their target price on TPG Specialty Lending from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.71.
TSLX opened at $20.26 on Thursday. TPG Specialty Lending has a twelve month low of $17.00 and a twelve month high of $21.24. The stock has a market capitalization of $1.32 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 4.94 and a beta of 0.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.60 and a quick ratio of 0.60.
Hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in TPG Specialty Lending by 3.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,926 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 502 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of TPG Specialty Lending by 7.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,882 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in TPG Specialty Lending by 16.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,282 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 1,006 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of TPG Specialty Lending by 2.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 60,314 shares of the financial services provider’s stock valued at $1,091,000 after acquiring an additional 1,243 shares in the last quarter. Finally, IFG Advisory LLC grew its position in TPG Specialty Lending by 10.6% in the 4th quarter. IFG Advisory LLC now owns 14,558 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 1,401 shares in the last quarter. Hedge funds and other institutional investors own 60.80% of the company’s stock.
About TPG Specialty Lending
TPG Specialty Lending, Inc is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.
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