TPG Specialty Lending (TSLX) Announces Quarterly Earnings Results

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TPG Specialty Lending (NYSE:TSLX) posted its earnings results on Thursday. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04), MarketWatch Earnings reports. The firm had revenue of $52.49 million during the quarter, compared to the consensus estimate of $56.40 million. TPG Specialty Lending had a net margin of 45.44% and a return on equity of 13.57%. TPG Specialty Lending’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share.

Shares of TSLX traded down $0.08 during mid-day trading on Friday, reaching $20.16. 447,553 shares of the company were exchanged, compared to its average volume of 269,150. TPG Specialty Lending has a 52 week low of $17.48 and a 52 week high of $21.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 10.56 and a beta of 0.72.

The business also recently disclosed a special dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 7.74%. TPG Specialty Lending’s dividend payout ratio (DPR) is 69.33%.

Several equities analysts have commented on the company. National Securities reiterated a “buy” rating and issued a $23.00 target price on shares of TPG Specialty Lending in a research report on Monday, February 25th. Zacks Investment Research upgraded TPG Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.75.

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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.

Further Reading: NASDAQ Stock Market Explained

Earnings History for TPG Specialty Lending (NYSE:TSLX)

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