Sixth Street Specialty Lending (TSLX) Projected to Post Earnings on Thursday

Sixth Street Specialty Lending (NYSE:TSLX) is expected to announce its earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $119.06 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The firm had revenue of $119.22 million for the quarter, compared to analysts’ expectations of $119.85 million. During the same quarter in the previous year, the firm posted $0.60 EPS. On average, analysts expect Sixth Street Specialty Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sixth Street Specialty Lending Stock Down 0.3 %

Sixth Street Specialty Lending stock opened at $22.35 on Thursday. The stock has a 50 day moving average of $21.43 and a two-hundred day moving average of $20.95. Sixth Street Specialty Lending has a twelve month low of $19.50 and a twelve month high of $22.47. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.85 and a beta of 1.06. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17.

Sixth Street Specialty Lending Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were paid a $0.05 dividend. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend was Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 89.32%.

Analyst Ratings Changes

Several research firms recently issued reports on TSLX. Keefe, Bruyette & Woods cut their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, November 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of “Buy” and an average price target of $22.33.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, 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.