TPG Specialty Lending, Inc. (NYSE:TSLX) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS
TPG Specialty Lending, Inc. (NYSE:TSLX) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.11, Briefing.com reports. TPG Specialty Lending had a net margin of 73.53% and a return on equity of 11.94%. The firm had revenue of $58.82 million for the quarter, compared to analysts’ expectations of $49.41 million. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s quarterly revenue was up 27.8% on a year-over-year basis.
TPG Specialty Lending (TSLX) traded down 0.166% during midday trading on Friday, reaching $21.105. 194,228 shares of the company’s stock were exchanged. TPG Specialty Lending has a 52 week low of $17.00 and a 52 week high of $21.25. The firm’s 50 day moving average is $20.53 and its 200 day moving average is $20.14.
The firm also recently disclosed a special dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.09 dividend. This represents a dividend yield of 7.38%. The ex-dividend date is Tuesday, August 29th. This is a boost from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s dividend payout ratio is 62.90%.
Several equities analysts have recently weighed in on TSLX shares. National Securities reiterated a “neutral” rating and issued a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, May 8th. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, July 5th. Finally, BidaskClub cut shares of TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.83.
About TPG Specialty Lending
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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