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.
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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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