Sixth Street Specialty Lending (NYSE:TSLX) Posts Earnings Results, Beats Estimates By $0.04 EPS

Sixth Street Specialty Lending (NYSE:TSLX) posted its quarterly earnings data on Thursday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04, Zacks reports. The company had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%.

Sixth Street Specialty Lending Price Performance

Shares of Sixth Street Specialty Lending stock traded up $0.50 on Friday, hitting $22.97. 730,751 shares of the company traded hands, compared to its average volume of 250,707. The stock has a market capitalization of $2.14 billion, a P/E ratio of 11.15 and a beta of 1.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. Sixth Street Specialty Lending has a 52 week low of $19.50 and a 52 week high of $23.15. The business has a 50-day simple moving average of $21.54 and a 200 day simple moving average of $21.00.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, March 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.22%. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.05. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 89.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Wells Fargo & Company raised their target price on shares of 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 cut shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday. 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 note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.