$61.87 Million in Sales Expected for TPG Specialty Lending Inc (NYSE:TSLX) This Quarter
Equities analysts predict that TPG Specialty Lending Inc (NYSE:TSLX) will post sales of $61.87 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for TPG Specialty Lending’s earnings, with the highest sales estimate coming in at $65.63 million and the lowest estimate coming in at $52.76 million. TPG Specialty Lending reported sales of $63.00 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.8%. The business is scheduled to issue its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that TPG Specialty Lending will report full year sales of $237.21 million for the current financial year, with estimates ranging from $210.00 million to $247.66 million. For the next fiscal year, analysts anticipate that the company will report sales of $260.01 million, with estimates ranging from $217.00 million to $278.72 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. TPG Specialty Lending had a net margin of 54.68% and a return on equity of 12.45%. The company had revenue of $62.43 million for the quarter, compared to the consensus estimate of $57.40 million. During the same quarter in the previous year, the company earned $0.52 EPS.
In other TPG Specialty Lending news, Director Hurley Doddy purchased 2,500 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $20.25 per share, for a total transaction of $50,625.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Strs Ohio increased its stake in TPG Specialty Lending by 2.7% during the 2nd quarter. Strs Ohio now owns 5,511,274 shares of the financial services provider’s stock valued at $108,020,000 after purchasing an additional 146,626 shares in the last quarter. Sound Income Strategies LLC increased its stake in TPG Specialty Lending by 33.4% during the 2nd quarter. Sound Income Strategies LLC now owns 1,087,558 shares of the financial services provider’s stock valued at $21,316,000 after purchasing an additional 272,290 shares in the last quarter. LSV Asset Management increased its stake in TPG Specialty Lending by 10.9% during the 2nd quarter. LSV Asset Management now owns 796,178 shares of the financial services provider’s stock valued at $15,605,000 after purchasing an additional 77,978 shares in the last quarter. Marshall Wace LLP increased its stake in TPG Specialty Lending by 21,253.6% during the 1st quarter. Marshall Wace LLP now owns 665,379 shares of the financial services provider’s stock valued at $13,308,000 after purchasing an additional 662,263 shares in the last quarter. Finally, Cliffwater LLC increased its stake in TPG Specialty Lending by 8.1% during the 2nd quarter. Cliffwater LLC now owns 467,851 shares of the financial services provider’s stock valued at $9,170,000 after purchasing an additional 35,137 shares in the last quarter. Institutional investors and hedge funds own 61.20% of the company’s stock.
Shares of TPG Specialty Lending stock traded down $0.13 during trading on Friday, reaching $20.77. 193,919 shares of the company traded hands, compared to its average volume of 237,725. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.69 and a quick ratio of 0.69. TPG Specialty Lending has a 1-year low of $17.75 and a 1-year high of $21.24. The company has a 50 day moving average price of $19.96 and a 200-day moving average price of $19.99. The firm has a market capitalization of $1.39 billion, a PE ratio of 9.23, a P/E/G ratio of 11.41 and a beta of 0.62.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.16 dividend on an annualized basis and a yield of 0.77%. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 69.33%.
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.
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