Sixth Street Specialty Lending (TSLX) Scheduled to Post Earnings on Wednesday

Sixth Street Specialty Lending (NYSE:TSLX) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $119.50 million during the quarter, compared to analyst estimates of $115.18 million. Sixth Street Specialty Lending had a return on equity of 13.67% and a net margin of 50.69%. During the same period in the prior year, the business earned $0.65 earnings per share. 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 Price Performance

TSLX stock opened at $21.68 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.66 and a quick ratio of 1.66. The business has a 50 day simple moving average of $21.15 and a 200-day simple moving average of $21.08. The firm has a market capitalization of $2.00 billion, a PE ratio of 8.34 and a beta of 1.04. Sixth Street Specialty Lending has a 1 year low of $17.31 and a 1 year high of $22.35.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.48%. Sixth Street Specialty Lending’s dividend payout ratio is 70.77%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Truist Financial increased their price objective on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Wells Fargo & Company upped their price target on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Royal Bank of Canada upped their price target on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, JMP Securities restated a “market outperform” rating and set a $22.50 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.60.

Sixth Street Specialty Lending Company Profile

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.