Oaktree Specialty Lending (OCSL) Scheduled to Post Quarterly Earnings on Wednesday

Share on StockTwits

Oaktree Specialty Lending (NASDAQ:OCSL) is set to release its earnings data before the market opens on Wednesday, August 7th. Analysts expect Oaktree Specialty Lending to post earnings of $0.12 per share for the quarter.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. Oaktree Specialty Lending had a net margin of 102.18% and a return on equity of 7.62%. The firm had revenue of $38.24 million for the quarter, compared to the consensus estimate of $36.90 million. On average, analysts expect Oaktree Specialty Lending to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ OCSL opened at $5.15 on Tuesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.18. The company’s 50 day simple moving average is $5.36. Oaktree Specialty Lending has a 52-week low of $4.08 and a 52-week high of $5.75. The company has a market capitalization of $739.34 million, a P/E ratio of 11.98, a PEG ratio of 5.35 and a beta of 0.52.

Several brokerages have weighed in on OCSL. National Securities restated a “buy” rating and issued a $7.00 target price on shares of Oaktree Specialty Lending in a research note on Monday, May 13th. Janney Montgomery Scott began coverage on shares of Oaktree Specialty Lending in a research note on Monday, July 29th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “strong-buy” rating and set a $6.00 target price for the company in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $5.88.

In other Oaktree Specialty Lending news, major shareholder Leonard M. Tannenbaum sold 126,736 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $5.51, for a total value of $698,315.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 364,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $5.45, for a total transaction of $1,988,705.00. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 7,000 shares of company stock valued at $38,200 and sold 1,425,312 shares valued at $7,823,919. 0.16% of the stock is owned by company insiders.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.

Recommended Story: What is a death cross?

Earnings History for Oaktree Specialty Lending (NASDAQ:OCSL)

Receive News & Ratings for Oaktree Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

EZCORP  Stock Price Down 11.5%
EZCORP Stock Price Down 11.5%
Opera  Stock Price Down 7.5%
Opera Stock Price Down 7.5%
Lexicon Pharmaceuticals  Trading Down 9.2%
Lexicon Pharmaceuticals Trading Down 9.2%
Hi-Crush  Trading Down 6.8%
Hi-Crush Trading Down 6.8%
Spi Energy  Trading Down 12.2%
Spi Energy Trading Down 12.2%
Dynagas LNG Partners  Trading Down 8.3%
Dynagas LNG Partners Trading Down 8.3%


© 2006-2019 Ticker Report