Sixth Street Specialty Lending (TSLX) to Release Quarterly Earnings on Wednesday

Sixth Street Specialty Lending (NYSE:TSLX) is scheduled to 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 are interested in registering 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 for the quarter, topping the consensus estimate of $0.58 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.67% and a net margin of 50.69%. The firm had revenue of $119.50 million during the quarter, compared to analysts’ expectations of $115.18 million. During the same quarter in the previous 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 Stock Down 0.8 %

TSLX stock opened at $21.17 on Wednesday. Sixth Street Specialty Lending has a 1-year low of $17.31 and a 1-year high of $22.35. The business has a fifty day moving average price of $21.16 and a 200-day moving average price of $21.06. 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 stock has a market capitalization of $1.95 billion, a P/E ratio of 8.14 and a beta of 1.04.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.51%. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. Sixth Street Specialty Lending’s payout ratio is presently 70.77%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TSLX. Truist Financial upped their price objective on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Royal Bank of Canada increased their price target on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. JMP Securities reissued 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. Finally, Wells Fargo & Company increased their price target on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an “overweight” rating in a research note on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and an average target price of $22.60.

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.