TPG Specialty Lending Inc (TSLX) Expected to Announce Earnings of $0.48 Per Share

Equities analysts expect that TPG Specialty Lending Inc (NYSE:TSLX) will report earnings of $0.48 per share for the current quarter, according to Zacks. Four analysts have made estimates for TPG Specialty Lending’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.52. TPG Specialty Lending posted earnings of $0.51 per share during the same quarter last year, which would suggest a negative year over year growth rate of 5.9%. The business is scheduled to report its next earnings results on Tuesday, November 6th.

On average, analysts expect that TPG Specialty Lending will report full year earnings of $2.02 per share for the current year, with EPS estimates ranging from $1.92 to $2.10. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.98 per share, with EPS estimates ranging from $1.67 to $2.19. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow TPG Specialty Lending.

TPG Specialty Lending (NYSE:TSLX) last issued its earnings results on Wednesday, August 1st. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. TPG Specialty Lending had a return on equity of 12.40% and a net margin of 53.60%. The company had revenue of $66.40 million for the quarter, compared to analyst estimates of $58.63 million. During the same period in the prior year, the firm earned $0.57 earnings per share.

A number of equities analysts have recently weighed in on TSLX shares. TheStreet lowered TPG Specialty Lending from a “b” rating to a “c+” rating in a research report on Friday, May 25th. ValuEngine lowered TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Keefe, Bruyette & Woods started coverage on TPG Specialty Lending in a research report on Thursday, June 28th. They set an “outperform” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. raised TPG Specialty Lending from a “neutral” rating to an “overweight” rating and set a $18.50 target price on the stock in a research report on Monday, July 23rd. Finally, Zacks Investment Research lowered TPG Specialty Lending from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. TPG Specialty Lending has a consensus rating of “Buy” and a consensus price target of $21.14.

In related news, Director Richard A. Higginbotham purchased 2,000 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was acquired at an average cost of $19.73 per share, with a total value of $39,460.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $394,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in shares of TPG Specialty Lending by 1,363.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,441 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 6,001 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of TPG Specialty Lending during the 2nd quarter valued at $121,000. Tower Research Capital LLC TRC increased its position in shares of TPG Specialty Lending by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,481 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 5,660 shares during the last quarter. Natixis purchased a new stake in shares of TPG Specialty Lending during the 2nd quarter valued at $208,000. Finally, Koch Industries Inc. purchased a new stake in shares of TPG Specialty Lending during the 1st quarter valued at $338,000. 60.36% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TSLX opened at $20.11 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.81. TPG Specialty Lending has a twelve month low of $17.00 and a twelve month high of $21.15. The company has a market cap of $1.30 billion, a PE ratio of 10.06, a PEG ratio of 4.94 and a beta of 0.66.

The business also recently declared a special dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 31st will be given a $0.08 dividend. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.06. This represents a yield of 7.9%. The ex-dividend date of this dividend is Thursday, August 30th. TPG Specialty Lending’s dividend payout ratio is presently 78.00%.

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.

Further Reading: Leveraged Buyout (LBO) Explained

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Earnings History and Estimates for TPG Specialty Lending (NYSE:TSLX)

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