Equities research analysts predict that TPG Specialty Lending Inc (NYSE:TSLX) will announce $57.40 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TPG Specialty Lending’s earnings, with the lowest sales estimate coming in at $52.21 million and the highest estimate coming in at $60.62 million. TPG Specialty Lending reported sales of $66.40 million in the same quarter last year, which suggests a negative year-over-year growth rate of 13.6%. 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 sales of $230.17 million for the current financial year, with estimates ranging from $210.00 million to $242.67 million. For the next financial year, analysts expect that the company will post sales of $254.72 million, with estimates ranging from $217.00 million to $280.44 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last issued 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). The business had revenue of $52.49 million during the quarter, compared to analyst estimates of $56.40 million. TPG Specialty Lending had a net margin of 48.29% and a return on equity of 13.05%. TPG Specialty Lending’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share.
Several equities research analysts have issued reports on TSLX shares. Zacks Investment Research cut shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. National Securities reaffirmed a “buy” rating and set a $23.00 price target on shares of TPG Specialty Lending in a research note on Monday, February 25th. Finally, Wells Fargo & Co cut shares of TPG Specialty Lending from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $21.00 to $20.50 in a research note on Monday, May 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.57.
NYSE TSLX traded down $0.16 during trading hours on Thursday, reaching $19.74. The company’s stock had a trading volume of 174,300 shares, compared to its average volume of 261,684. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 10.63 and a beta of 0.72. TPG Specialty Lending has a fifty-two week low of $17.48 and a fifty-two week high of $21.24. 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 company also recently declared a special dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 7.74%. TPG Specialty Lending’s dividend payout ratio is currently 69.33%.
In other news, Director Hurley Doddy purchased 2,100 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were bought at an average cost of $19.80 per share, with a total value of $41,580.00. Following the purchase, the director now directly owns 3,900 shares of the company’s stock, valued at $77,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.40% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 1,006 shares during the period. Landsberg Bennett & Dubbaneh LLC lifted its holdings 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 worth $2,224,000 after acquiring an additional 19,612 shares during the period. Sargent Investment Group LLC purchased a new position in shares of TPG Specialty Lending during the 4th quarter worth about $1,260,000. Cliffwater LLC lifted its holdings in shares of TPG Specialty Lending by 43.9% during the 4th quarter. Cliffwater LLC now owns 585,361 shares of the financial services provider’s stock worth $10,589,000 after acquiring an additional 178,650 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of TPG Specialty Lending by 15.6% during the 4th quarter. LSV Asset Management now owns 717,800 shares of the financial services provider’s stock worth $12,985,000 after acquiring an additional 97,100 shares during the period. Institutional investors and hedge funds own 57.63% of the company’s stock.
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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