$0.46 Earnings Per Share Expected for TPG Specialty Lending Inc (NYSE:TSLX) This Quarter

Equities analysts expect TPG Specialty Lending Inc (NYSE:TSLX) to post earnings per share of $0.46 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for TPG Specialty Lending’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.45. TPG Specialty Lending posted earnings of $0.56 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 17.9%. The firm is expected to report its next quarterly earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that TPG Specialty Lending will report full year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.78 to $1.95. For the next year, analysts expect that the company will report earnings of $2.02 per share, with EPS estimates ranging from $1.94 to $2.18. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow TPG Specialty Lending.

TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). The business had revenue of $52.49 million during the quarter, compared to the consensus estimate of $56.40 million. TPG Specialty Lending had a return on equity of 13.05% and a net margin of 48.29%. The business’s revenue was down 9.1% on a year-over-year basis. During the same period last year, the business posted $0.56 earnings per share.

TSLX has been the subject of several research reports. Wells Fargo & Co lowered shares of TPG Specialty Lending from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $21.00 to $20.50 in a research report on Monday, May 6th. They noted that the move was a valuation call. National Securities reissued a “buy” rating and issued a $23.00 price target on shares of TPG Specialty Lending in a research note on Monday, May 6th. Finally, Zacks Investment Research raised shares of TPG Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.57.

In related news, Director Hurley Doddy bought 2,100 shares of the stock in a transaction on Friday, May 10th. The stock was bought at an average price of $19.80 per share, with a total value of $41,580.00. Following the completion of the purchase, the director now directly owns 3,900 shares in the company, valued at approximately $77,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.40% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in TSLX. PNC Financial Services Group Inc. boosted its position 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 worth $132,000 after purchasing an additional 1,006 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC boosted its stake in shares of TPG Specialty Lending by 21.5% during the 1st quarter. Landsberg Bennett & Dubbaneh LLC now owns 110,968 shares of the financial services provider’s stock valued at $2,224,000 after buying an additional 19,612 shares during the last quarter. Sargent Investment Group LLC acquired a new stake in shares of TPG Specialty Lending during the 4th quarter valued at approximately $1,260,000. Cliffwater LLC increased its position in TPG Specialty Lending by 43.9% in the fourth quarter. Cliffwater LLC now owns 585,361 shares of the financial services provider’s stock worth $10,589,000 after buying an additional 178,650 shares during the period. Finally, LSV Asset Management increased its holdings in shares of TPG Specialty Lending by 15.6% during the fourth quarter. LSV Asset Management now owns 717,800 shares of the financial services provider’s stock valued at $12,985,000 after purchasing an additional 97,100 shares during the period. 60.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:TSLX traded down $0.20 during mid-day trading on Thursday, reaching $19.93. The company had a trading volume of 200,449 shares, compared to its average volume of 248,964. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.31 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 10.83 and a beta of 0.68. TPG Specialty Lending has a one year low of $17.48 and a one year high of $21.24.

The business also recently disclosed a special dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a dividend of $0.01 per share. This represents a yield of 7.74%. The ex-dividend date is Thursday, May 30th. TPG Specialty Lending’s dividend payout ratio is presently 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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