Wall Street analysts predict that TPG Specialty Lending, Inc. (NYSE:TSLX) will report $0.43 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TPG Specialty Lending’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.45. TPG Specialty Lending posted earnings of $0.51 per share in the same quarter last year, which would suggest a negative year over year growth rate of 15.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 6th.
According to Zacks, analysts expect that TPG Specialty Lending will report full year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.83 to $1.95. For the next financial year, analysts forecast that the company will report earnings of $1.78 per share, with EPS estimates ranging from $1.68 to $1.92. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.11. The firm had revenue of $58.82 million during the quarter, compared to analyst estimates of $49.41 million. TPG Specialty Lending had a return on equity of 12.68% and a net margin of 60.77%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share.
TSLX has been the subject of several research reports. National Securities reissued a “neutral” rating and set a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, May 8th. Zacks Investment Research upgraded TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Wednesday, July 5th. BidaskClub lowered TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 20th. Finally, JMP Securities increased their target price on TPG Specialty Lending from $21.50 to $22.00 and gave the company an “outperform” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $19.80.
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TPG Specialty Lending (NYSE TSLX) traded up 0.61% during trading on Friday, reaching $21.32. The company had a trading volume of 249,800 shares. TPG Specialty Lending has a 52-week low of $17.00 and a 52-week high of $21.57. The company has a 50-day moving average price of $20.53 and a 200 day moving average price of $20.14.
The firm also recently announced a special dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a $0.09 dividend. The ex-dividend date is Tuesday, August 29th. This represents a dividend yield of 7.38%. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s dividend payout ratio is presently 71.89%.
Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio raised its stake in TPG Specialty Lending by 2.2% in the second quarter. Strs Ohio now owns 4,551,809 shares of the financial services provider’s stock worth $93,084,000 after buying an additional 96,815 shares during the last quarter. Muzinich & Co. Inc. raised its stake in TPG Specialty Lending by 87.4% in the first quarter. Muzinich & Co. Inc. now owns 2,115,899 shares of the financial services provider’s stock worth $43,143,000 after buying an additional 986,689 shares during the last quarter. UBS Group AG raised its stake in TPG Specialty Lending by 17.6% in the first quarter. UBS Group AG now owns 1,410,676 shares of the financial services provider’s stock worth $28,764,000 after buying an additional 211,139 shares during the last quarter. Clough Capital Partners L P raised its stake in TPG Specialty Lending by 173.8% in the first quarter. Clough Capital Partners L P now owns 483,863 shares of the financial services provider’s stock worth $9,564,000 after buying an additional 307,163 shares during the last quarter. Finally, Confluence Investment Management LLC raised its stake in TPG Specialty Lending by 2.2% in the first quarter. Confluence Investment Management LLC now owns 407,300 shares of the financial services provider’s stock worth $8,305,000 after buying an additional 8,813 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.
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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