Oaktree Specialty Lending Corporation (NASDAQ:OCSL) is reporting third quarter earnings results on Monday 10th August 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.11 per share from $ 33.65 million in revenue.
For the full year, analysts predict revenues of $ 133.42 million, while looking forward to income of $ 0.45 per share.
Previous Quarter Performance
Oaktree Specialty Lending Corporation unveiled income for the second quarter of $ 0.12 per share, from the revenue of $ 34.17 million. The quarterly earnings down 7.69 percent compared with the same quarter last year. Street analysts expected Oaktree Specialty Lending Corporation to report income of $ 0.10 per share on revenue of $ 31.97 million for the second quarter. The bottom line results beat street analysts by $ 0.02 or 20.00 percent, at the same time, top line results outshined analysts by $ 2.20 million or 6.88 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of OCSL was $ 4.80, representing a 106.01 % increase from the 52 week low of $ 2.33 and a 15.04 % decrease over the 52 week high of $ 5.65.
The company has a market capital of $ 676.61 million and is part of the Financial Services sector and Credit Services industry.
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Recent Analyst recommendations
- On 19th June 2020, upgraded by Janney Capital to Buy from Neutral rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.095 per share on May 7, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
Conference Call
Oaktree Specialty Lending Corporation will be hosting a conference call at 11:00 AM eastern time on 10th August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.oaktreespecialtylending.com
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. The fund seeks to invest in education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering, and media and advertising sectors. It invests between $5 million to $75 million principally in the form of one-stop, first lien, and second lien debt investments, which may include an equity co-investment component in companies with enterprise value between $20 million and $150 million and EBITDA between $3 million and $50 million.
