$0.44 Earnings Per Share Expected for TPG Specialty Lending Inc (TSLX) This Quarter

Equities analysts forecast that TPG Specialty Lending Inc (NYSE:TSLX) will report earnings of $0.44 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for TPG Specialty Lending’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.41. TPG Specialty Lending reported earnings per share of $0.47 during the same quarter last year, which indicates a negative year over year growth rate of 6.4%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that TPG Specialty Lending will report full year earnings of $2.01 per share for the current year, with EPS estimates ranging from $1.96 to $2.05. For the next fiscal year, analysts forecast that the company will post earnings of $1.80 per share, with EPS estimates ranging from $1.67 to $1.91. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover TPG Specialty Lending.

TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.08. TPG Specialty Lending had a return on equity of 12.63% and a net margin of 56.43%. The company had revenue of $48.86 million during the quarter, compared to analyst estimates of $48.58 million. During the same quarter last year, the company earned $0.51 EPS.

TSLX has been the topic of several recent analyst reports. BidaskClub downgraded TPG Specialty Lending from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday, October 5th. National Securities increased their target price on TPG Specialty Lending from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, November 13th. Finally, SunTrust Banks reiterated a “buy” rating and set a $22.00 target price on shares of TPG Specialty Lending in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. TPG Specialty Lending has a consensus rating of “Hold” and a consensus price target of $21.75.

TPG Specialty Lending (TSLX) traded up $0.09 during mid-day trading on Tuesday, reaching $19.87. The company had a trading volume of 126,300 shares, compared to its average volume of 170,546. TPG Specialty Lending has a one year low of $18.20 and a one year high of $21.74. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. The company has a market cap of $1,200.00, a price-to-earnings ratio of 10.14, a PEG ratio of 3.71 and a beta of 0.67.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 15th were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.56 annualized dividend and a yield of 7.85%. TPG Specialty Lending’s dividend payout ratio is 79.59%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pinebridge Investments L.P. boosted its stake in shares of TPG Specialty Lending by 1.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock worth $104,000 after buying an additional 94 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its stake in shares of TPG Specialty Lending by 37.9% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,454 shares of the financial services provider’s stock worth $198,000 after buying an additional 2,600 shares during the last quarter. Nationwide Fund Advisors purchased a new position in shares of TPG Specialty Lending in the 3rd quarter worth $256,000. Koshinski Asset Management Inc. boosted its stake in shares of TPG Specialty Lending by 21.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 16,400 shares of the financial services provider’s stock worth $325,000 after buying an additional 2,950 shares during the last quarter. Finally, California Public Employees Retirement System purchased a new position in shares of TPG Specialty Lending in the 2nd quarter worth $491,000. Institutional investors and hedge funds own 62.93% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2018/01/19/0-44-earnings-per-share-expected-for-tpg-specialty-lending-inc-tslx-this-quarter.html.

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.

Get a free copy of the Zacks research report on TPG Specialty Lending (TSLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TPG Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply