Analysts predict that TPG Specialty Lending Inc (NYSE:TSLX) will announce earnings per share of $0.46 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for TPG Specialty Lending’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.43. TPG Specialty Lending reported earnings per share of $0.47 in the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The company is scheduled to issue its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that TPG Specialty Lending will report full year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.97. For the next fiscal year, analysts forecast that the business will report earnings of $1.82 per share, with EPS estimates ranging from $1.68 to $2.02. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. TPG Specialty Lending had a return on equity of 12.45% and a net margin of 53.80%. The firm had revenue of $48.80 million for the quarter, compared to analyst estimates of $49.58 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. TPG Specialty Lending’s quarterly revenue was down 1.8% on a year-over-year basis.
TSLX stock traded up $0.20 on Friday, reaching $17.86. 562,942 shares of the company’s stock were exchanged, compared to its average volume of 524,303. TPG Specialty Lending has a twelve month low of $17.00 and a twelve month high of $21.74. The firm has a market capitalization of $1,078.76, a PE ratio of 8.93, a P/E/G ratio of 3.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71.
The company also recently announced a special dividend, which was paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th were issued a $0.03 dividend. This represents a yield of 8.52%. The ex-dividend date of this dividend was Tuesday, February 27th. TPG Specialty Lending’s dividend payout ratio (DPR) is 78.00%.
In other news, Director John Ross bought 5,000 shares of the stock in a transaction on Tuesday, March 6th. The shares were bought at an average price of $18.40 per share, with a total value of $92,000.00. Following the completion of the acquisition, the director now owns 22,701 shares of the company’s stock, valued at $417,698.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald Tanemura bought 30,000 shares of the stock in a transaction on Friday, March 23rd. The stock was purchased at an average cost of $17.45 per share, for a total transaction of $523,500.00. Following the acquisition, the director now directly owns 86,516 shares of the company’s stock, valued at approximately $1,509,704.20. The disclosure for this purchase can be found here. Insiders acquired 46,295 shares of company stock worth $822,352 in the last three months. 4.90% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of TSLX. Steward Partners Investment Advisory LLC acquired a new stake in shares of TPG Specialty Lending during the fourth quarter valued at $104,000. IFG Advisory LLC acquired a new stake in shares of TPG Specialty Lending during the fourth quarter valued at $209,000. Nationwide Fund Advisors acquired a new stake in shares of TPG Specialty Lending during the third quarter valued at $256,000. Texas Yale Capital Corp. acquired a new stake in shares of TPG Specialty Lending during the fourth quarter valued at $278,000. Finally, Koshinski Asset Management Inc. boosted its stake in shares of TPG Specialty Lending by 21.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 16,400 shares of the financial services provider’s stock valued at $325,000 after acquiring an additional 2,950 shares during the last quarter. 62.76% of the stock is currently owned by institutional investors and hedge funds.
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TPG Specialty Lending Company Profile
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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