Analysts expect that Oaktree Strategic Income Co. (NASDAQ:OCSI) will announce earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income reported earnings per share of $0.20 during the same quarter last year, which suggests a negative year over year growth rate of 5%. The company is expected to issue its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Oaktree Strategic Income will report full year earnings of $0.76 per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of $0.79 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Oaktree Strategic Income.

Several research firms have recently commented on OCSI. Zacks Investment Research lowered shares of Oaktree Strategic Income from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. TheStreet lowered shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Oaktree Strategic Income currently has an average rating of “Hold” and a consensus price target of $9.50.

In related news, CEO Bernard D. Berman sold 7,473 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $8.80, for a total value of $65,762.40. Following the completion of the sale, the chief executive officer now directly owns 92,027 shares of the company’s stock, valued at approximately $809,837.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Oaktree Capital Management Lp bought 57,600 shares of Oaktree Strategic Income stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average cost of $8.57 per share, with a total value of $493,632.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 71,950 shares of company stock valued at $614,592 and sold 62,433 shares valued at $560,881. Corporate insiders own 0.43% of the company’s stock.

Oaktree Strategic Income (NASDAQ:OCSI) traded up $0.06 during midday trading on Monday, hitting $8.60. 102,800 shares of the stock traded hands, compared to its average volume of 162,820. Oaktree Strategic Income has a 12-month low of $7.03 and a 12-month high of $10.37. The stock has a market cap of $251.65, a price-to-earnings ratio of -28.67 and a beta of 0.30. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.61.

TRADEMARK VIOLATION WARNING: “Oaktree Strategic Income Co. (OCSI) Expected to Announce Earnings of $0.19 Per Share” was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://theolympiareport.com/2017/12/25/oaktree-strategic-income-co-ocsi-expected-to-announce-earnings-of-0-19-per-share-2.html.

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.

Get a free copy of the Zacks research report on Oaktree Strategic Income (OCSI)

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 Analyst Ratings Network's FREE daily email newsletter.