TPG Specialty Lending Inc (TSLX) Expected to Announce Earnings of $0.47 Per Share

Brokerages expect that TPG Specialty Lending Inc (NYSE:TSLX) will report earnings of $0.47 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TPG Specialty Lending’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.44. TPG Specialty Lending posted earnings per share of $0.51 in the same quarter last year, which suggests a negative year-over-year growth rate of 7.8%. The company is scheduled to report its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that TPG Specialty Lending will report full year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.82 to $2.21. For the next year, analysts expect that the firm will report earnings of $2.01 per share, with EPS estimates ranging from $1.90 to $2.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for TPG Specialty Lending.

TPG Specialty Lending (NYSE:TSLX) last announced its earnings results on Wednesday, February 20th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.15. TPG Specialty Lending had a return on equity of 13.57% and a net margin of 45.44%. The company had revenue of $74.70 million for the quarter, compared to analysts’ expectations of $65.29 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. TPG Specialty Lending’s quarterly revenue was up 53.1% on a year-over-year basis.

Several research analysts have weighed in on the company. Zacks Investment Research raised TPG Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. National Securities reissued a “buy” rating and issued a $23.00 price objective on shares of TPG Specialty Lending in a research report on Monday, February 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. TPG Specialty Lending presently has a consensus rating of “Buy” and an average target price of $21.75.

A number of hedge funds have recently bought and sold shares of the business. Synovus Financial Corp bought a new stake in shares of TPG Specialty Lending in the fourth quarter valued at $56,000. Pearl River Capital LLC bought a new stake in shares of TPG Specialty Lending during the 4th quarter valued at $67,000. PNC Financial Services Group Inc. raised its stake in shares of TPG Specialty Lending by 16.0% during the 4th 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 during the period. Advisor Group Inc. raised its stake in shares of TPG Specialty Lending by 183.4% during the 4th quarter. Advisor Group Inc. now owns 8,090 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 5,235 shares during the period. Finally, Wakefield Asset Management LLLP purchased a new position in TPG Specialty Lending during the third quarter worth about $271,000. 63.05% of the stock is currently owned by institutional investors and hedge funds.

TSLX stock traded down $0.17 during midday trading on Friday, hitting $20.00. The company’s stock had a trading volume of 331,100 shares, compared to its average volume of 302,298. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. TPG Specialty Lending has a 1 year low of $17.48 and a 1 year high of $21.24. The stock has a market cap of $1.33 billion, a P/E ratio of 8.89, a P/E/G ratio of 10.19 and a beta of 0.72.

The firm also recently disclosed a special dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a yield of 7.43%. This is a boost from TPG Specialty Lending’s previous special dividend of $0.05. TPG Specialty Lending’s payout ratio is currently 69.33%.

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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