TPG Specialty Lending (NYSE:TSLX) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

TPG Specialty Lending (NYSE:TSLX) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.07, reports. The firm had revenue of $70.05 million for the quarter, compared to analysts’ expectations of $64.45 million. TPG Specialty Lending had a net margin of 50.49% and a return on equity of 12.84%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

NYSE TSLX opened at $21.21 on Friday. The firm’s 50-day moving average is $20.91 and its two-hundred day moving average is $20.28. TPG Specialty Lending has a 12 month low of $17.75 and a 12 month high of $22.23. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $1.42 billion, a P/E ratio of 9.43, a PEG ratio of 11.58 and a beta of 0.61.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.32 dividend on an annualized basis and a yield of 1.51%. TPG Specialty Lending’s payout ratio is currently 69.33%.

Several research analysts have recently weighed in on TSLX shares. Wells Fargo & Co raised shares of TPG Specialty Lending from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $20.50 to $21.00 in a research report on Thursday, August 1st. Zacks Investment Research cut shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Sunday, November 3rd. Finally, LADENBURG THALM/SH SH cut shares of TPG Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.25.

In related news, Director Hurley Doddy bought 2,500 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $20.25 per share, with a total value of $50,625.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

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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Earnings History for TPG Specialty Lending (NYSE:TSLX)

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