Analysts Expect Oaktree Strategic Income Co. (OCSI) Will Post Earnings of $0.17 Per Share
Brokerages expect Oaktree Strategic Income Co. (NASDAQ:OCSI) to report $0.17 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income reported earnings of $0.19 per share during the same quarter last year, which indicates a negative year over year growth rate of 10.5%. The business is scheduled to report its next quarterly earnings report on Friday, December 7th.
According to Zacks, analysts expect that Oaktree Strategic Income will report full-year earnings of $0.61 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will report earnings of $0.66 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Oaktree Strategic Income.
Oaktree Strategic Income (NASDAQ:OCSI) last issued its earnings results on Wednesday, August 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $11.66 million for the quarter. Oaktree Strategic Income had a positive return on equity of 6.75% and a negative net margin of 4.80%.
In other Oaktree Strategic Income news, major shareholder Leonard M. Tannenbaum sold 5,155 shares of Oaktree Strategic Income stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $8.50, for a total transaction of $43,817.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 4,444 shares of Oaktree Strategic Income stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $8.50, for a total value of $37,774.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,987 shares of company stock worth $246,773. 0.41% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Millennium Management LLC purchased a new position in shares of Oaktree Strategic Income in the 4th quarter valued at approximately $133,000. Guggenheim Capital LLC purchased a new position in shares of Oaktree Strategic Income in the 4th quarter valued at approximately $152,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Oaktree Strategic Income in the 4th quarter valued at approximately $252,000. Two Sigma Advisers LP purchased a new position in shares of Oaktree Strategic Income in the 4th quarter valued at approximately $257,000. Finally, Lourd Capital LLC grew its stake in shares of Oaktree Strategic Income by 64.2% in the 2nd quarter. Lourd Capital LLC now owns 49,264 shares of the company’s stock valued at $419,000 after purchasing an additional 19,264 shares during the last quarter. Institutional investors own 27.91% of the company’s stock.
Oaktree Strategic Income traded up $0.16, hitting $8.75, during trading on Friday, according to Marketbeat Ratings. 38,529 shares of the stock were exchanged, compared to its average volume of 45,057. The firm has a market cap of $253.12 million, a price-to-earnings ratio of 11.51 and a beta of 0.25. Oaktree Strategic Income has a 1-year low of $7.03 and a 1-year high of $9.06. The company has a quick ratio of 0.34, a current ratio of 0.24 and a debt-to-equity ratio of 0.61.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Saturday, September 15th will be given a dividend of $0.155 per share. This is a positive change from Oaktree Strategic Income’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.62 annualized dividend and a yield of 7.09%. Oaktree Strategic Income’s payout ratio is 76.32%.
About Oaktree Strategic Income
Oaktree Strategic Income Corporation, formerly Fifth Street Senior Floating Rate Corp., is a closed-end, non-diversified management investment company. The Company operates as a specialty finance company. The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments while seeking to preserve its capital.
Featured Story: How to Track your Portfolio in Google Finance
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Oaktree Strategic Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Strategic Income and related companies with MarketBeat.com's FREE daily email newsletter.