Oaktree Specialty Lending (OCSL) to Release Quarterly Earnings on Tuesday

Oaktree Specialty Lending (NASDAQ:OCSL) is set to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Oaktree Specialty Lending to post earnings of $0.57 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). Oaktree Specialty Lending had a return on equity of 12.22% and a net margin of 28.81%. The company had revenue of $97.99 million for the quarter, compared to analyst estimates of $99.48 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, analysts expect Oaktree Specialty Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Oaktree Specialty Lending Stock Performance

Oaktree Specialty Lending stock opened at $19.60 on Tuesday. The stock has a fifty day moving average price of $19.61 and a two-hundred day moving average price of $19.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market capitalization of $1.55 billion, a P/E ratio of 12.98 and a beta of 1.06. Oaktree Specialty Lending has a 52-week low of $17.99 and a 52-week high of $21.64.

Oaktree Specialty Lending Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 11.22%. The ex-dividend date was Thursday, March 14th. Oaktree Specialty Lending’s dividend payout ratio is 145.70%.

Insider Transactions at Oaktree Specialty Lending

In related news, Director Phyllis R. Caldwell acquired 2,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $20.07 per share, with a total value of $40,140.00. Following the acquisition, the director now directly owns 11,166 shares of the company’s stock, valued at $224,101.62. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

OCSL has been the topic of several analyst reports. JMP Securities reissued a “market outperform” rating and issued a $21.00 target price on shares of Oaktree Specialty Lending in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $22.00 to $19.00 in a research report on Friday, February 2nd. JPMorgan Chase & Co. dropped their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Wells Fargo & Company raised their price target on Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, B. Riley lowered Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Monday, January 8th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Oaktree Specialty Lending presently has an average rating of “Hold” and a consensus target price of $20.67.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.