TPG Specialty Lending Inc (NYSE:TSLX) Expected to Post Earnings of $0.46 Per Share
Wall Street analysts expect that TPG Specialty Lending Inc (NYSE:TSLX) will report $0.46 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for TPG Specialty Lending’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.47. TPG Specialty Lending posted earnings per share of $0.56 in the same quarter last year, which indicates a negative year over year growth rate of 17.9%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, July 31st.
On average, analysts expect that TPG Specialty Lending will report full-year earnings of $1.85 per share for the current year, with EPS estimates ranging from $1.78 to $1.95. For the next fiscal year, analysts anticipate that the company will post earnings of $2.02 per share, with EPS estimates ranging from $1.94 to $2.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). TPG Specialty Lending had a return on equity of 13.05% and a net margin of 48.29%. The company had revenue of $52.49 million for the quarter, compared to analyst estimates of $56.40 million. During the same period in the prior year, the firm posted $0.56 earnings per share. The business’s quarterly revenue was down 9.1% compared to the same quarter last year.
Shares of TPG Specialty Lending stock traded up $0.08 on Monday, reaching $19.76. 84,246 shares of the company were exchanged, compared to its average volume of 169,170. TPG Specialty Lending has a 1-year low of $17.75 and a 1-year high of $21.24. The company has a market capitalization of $1.30 billion, a P/E ratio of 8.78, a P/E/G ratio of 10.66 and a beta of 0.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.61. The stock’s 50 day moving average is $19.74.
The firm also recently declared a special dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were issued a $0.01 dividend. This represents a yield of 7.74%. The ex-dividend date of this dividend was Thursday, May 30th. TPG Specialty Lending’s dividend payout ratio (DPR) is 69.33%.
In other TPG Specialty Lending news, Director Hurley Doddy purchased 2,100 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $19.80 per share, with a total value of $41,580.00. Following the completion of the acquisition, the director now directly owns 3,900 shares of the company’s stock, valued at approximately $77,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Wambolt & Associates LLC boosted its stake in shares of TPG Specialty Lending by 9.1% during the second quarter. Wambolt & Associates LLC now owns 42,625 shares of the financial services provider’s stock valued at $835,000 after acquiring an additional 3,555 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of TPG Specialty Lending during the second quarter valued at $117,000. Strs Ohio boosted its stake in shares of TPG Specialty Lending by 2.7% during the second quarter. Strs Ohio now owns 5,511,274 shares of the financial services provider’s stock valued at $108,020,000 after acquiring an additional 146,626 shares during the last quarter. James Investment Research Inc. boosted its stake in shares of TPG Specialty Lending by 104.8% during the second quarter. James Investment Research Inc. now owns 29,290 shares of the financial services provider’s stock valued at $574,000 after acquiring an additional 14,990 shares during the last quarter. Finally, Monument Capital Management boosted its stake in shares of TPG Specialty Lending by 2.0% during the second quarter. Monument Capital Management now owns 64,243 shares of the financial services provider’s stock valued at $1,256,000 after acquiring an additional 1,261 shares during the last quarter. 60.59% of the stock is owned by institutional investors and hedge funds.
TPG Specialty Lending Company Profile
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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