Equities research analysts forecast that TPG Specialty Lending Inc (NYSE:TSLX) will post $0.53 earnings per share for the current quarter, Zacks reports. Four analysts have provided estimates for TPG Specialty Lending’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.52. TPG Specialty Lending reported earnings per share of $0.45 in the same quarter last year, which would suggest a positive year over year growth rate of 17.8%. The firm is scheduled to issue its next earnings report on Wednesday, February 20th.
On average, analysts expect that TPG Specialty Lending will report full year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.12. For the next year, analysts forecast that the firm will report earnings of $2.03 per share, with EPS estimates ranging from $1.68 to $2.21. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last posted its earnings results on Tuesday, November 6th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $63.00 million for the quarter, compared to analysts’ expectations of $58.77 million. TPG Specialty Lending had a return on equity of 12.21% and a net margin of 55.73%. During the same period last year, the business posted $0.41 earnings per share.
A number of hedge funds have recently bought and sold shares of TSLX. Acadian Asset Management LLC bought a new stake in shares of TPG Specialty Lending during the second quarter valued at about $121,000. Tower Research Capital LLC TRC raised its stake in shares of TPG Specialty Lending by 310.8% during the second 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 in the last quarter. Natixis bought a new stake in shares of TPG Specialty Lending during the second quarter valued at about $208,000. Wakefield Asset Management LLLP bought a new stake in shares of TPG Specialty Lending during the third quarter valued at about $271,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TPG Specialty Lending during the third quarter valued at about $274,000. Institutional investors own 60.09% of the company’s stock.
TSLX stock opened at $19.93 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 4.78 and a beta of 0.62. TPG Specialty Lending has a 1 year low of $17.00 and a 1 year high of $21.24.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date is Thursday, December 13th. TPG Specialty Lending’s payout ratio is 78.00%.
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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