$57.32 Million in Sales Expected for TPG Specialty Lending Inc (TSLX) This Quarter
Equities analysts expect TPG Specialty Lending Inc (NYSE:TSLX) to report $57.32 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for TPG Specialty Lending’s earnings. The lowest sales estimate is $52.79 million and the highest is $67.31 million. TPG Specialty Lending posted sales of $57.77 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.8%. The company is expected to issue its next quarterly earnings report on Thursday, May 2nd.
On average, analysts expect that TPG Specialty Lending will report full-year sales of $238.39 million for the current year, with estimates ranging from $212.00 million to $287.13 million. For the next fiscal year, analysts anticipate that the company will report sales of $242.37 million, with estimates ranging from $220.00 million to $259.07 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow TPG Specialty Lending.
TPG Specialty Lending (NYSE:TSLX) last issued its earnings results on Wednesday, February 20th. The financial services provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.15. The business had revenue of $74.70 million during the quarter, compared to analysts’ expectations of $65.29 million. TPG Specialty Lending had a net margin of 45.44% and a return on equity of 13.57%. The company’s quarterly revenue was up 53.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share.
Shares of NYSE TSLX traded down $0.37 during mid-day trading on Friday, reaching $19.73. The company’s stock had a trading volume of 262,800 shares, compared to its average volume of 307,418. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 10.17 and a beta of 0.72. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. TPG Specialty Lending has a 1-year low of $17.00 and a 1-year high of $21.24.
The company also recently disclosed a special dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, February 27th. This represents a dividend yield of 7.43%. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.05. TPG Specialty Lending’s dividend payout ratio is currently 69.33%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Synovus Financial Corp purchased a new stake in shares of TPG Specialty Lending in the fourth quarter valued at about $56,000. Pearl River Capital LLC purchased a new stake in shares of TPG Specialty Lending in the fourth quarter valued at about $67,000. PNC Financial Services Group Inc. grew its holdings in shares of TPG Specialty Lending by 16.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,282 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 1,006 shares during the period. Advisor Group Inc. grew its holdings in shares of TPG Specialty Lending by 183.4% in the fourth quarter. Advisor Group Inc. now owns 8,090 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 5,235 shares during the period. Finally, Wakefield Asset Management LLLP purchased a new stake in shares of TPG Specialty Lending in the third quarter valued at about $271,000. 63.22% of the stock is owned by hedge funds and other institutional investors.
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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