Zacks: Brokerages Expect Oaktree Strategic Income (OCSI) to Announce $0.15 Earnings Per Share

Equities analysts expect Oaktree Strategic Income (NASDAQ:OCSI) to report $0.15 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income reported earnings of $0.17 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 11.8%. The firm is expected to issue its next earnings results before the market opens on Tuesday, May 8th.

On average, analysts expect that Oaktree Strategic Income will report full-year earnings of $0.62 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.70 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Oaktree Strategic Income.

Oaktree Strategic Income (NASDAQ:OCSI) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Oaktree Strategic Income had a negative net margin of 16.64% and a positive return on equity of 6.93%. The business had revenue of $10.73 million during the quarter.

Several equities research analysts have recently weighed in on OCSI shares. Zacks Investment Research cut shares of Oaktree Strategic Income from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. ValuEngine cut shares of Oaktree Strategic Income from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $9.50.

NASDAQ OCSI traded down $0.01 on Friday, hitting $8.06. The company’s stock had a trading volume of 12,063 shares, compared to its average volume of 67,857. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.47 and a current ratio of 0.47. Oaktree Strategic Income has a 1-year low of $7.03 and a 1-year high of $9.09. The stock has a market cap of $237.50, a P/E ratio of 10.61 and a beta of 0.26.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 6.95%. The ex-dividend date was Wednesday, March 14th. Oaktree Strategic Income’s dividend payout ratio (DPR) is presently 73.68%.

In related news, Director Richard Ruben bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $7.86 per share, with a total value of $39,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Oaktree Capital Management Lp bought 162,900 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were bought at an average cost of $7.75 per share, for a total transaction of $1,262,475.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 317,670 shares of company stock valued at $2,462,607. 0.35% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Securities LLC bought a new position in Oaktree Strategic Income during the fourth quarter worth $119,000. Millennium Management LLC bought a new position in Oaktree Strategic Income during the fourth quarter worth $133,000. BB&T Securities LLC bought a new position in Oaktree Strategic Income during the fourth quarter worth $147,000. Guggenheim Capital LLC bought a new position in Oaktree Strategic Income during the fourth quarter worth $152,000. Finally, Mariner Investment Group LLC bought a new position in Oaktree Strategic Income during the fourth quarter worth $170,000. 27.02% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This story was first published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3380278/zacks-brokerages-expect-oaktree-strategic-income-ocsi-to-announce-0-15-earnings-per-share.html.

Oaktree Strategic Income Company Profile

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Alliance Holdings GP  Receiving Somewhat Positive Media Coverage, Accern Reports
Alliance Holdings GP Receiving Somewhat Positive Media Coverage, Accern Reports
Park Hotels & Resorts  Hits New 1-Year High and Low at $31.73
Park Hotels & Resorts Hits New 1-Year High and Low at $31.73
Noble  Hits New 52-Week High and Low at $6.32
Noble Hits New 52-Week High and Low at $6.32
RLI  Reaches New 52-Week High and Low at $67.98
RLI Reaches New 52-Week High and Low at $67.98
Patrick Walsh Purchases 10,000 Shares of Del Taco Restaurants Inc  Stock
Patrick Walsh Purchases 10,000 Shares of Del Taco Restaurants Inc Stock
Thomas A. Madden Sells 7,506 Shares of FreightCar America  Stock
Thomas A. Madden Sells 7,506 Shares of FreightCar America Stock


© 2006-2018 Ticker Report. Google+.