TPG Specialty Lending, Inc. (NYSE:TSLX) is reporting second quarter earnings results on Tuesday 4th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.47 per share.
For the full year, analysts predict revenues of $ 245.10 million, while looking forward to income of $ 1.88 per share.
Previous Quarter Performance
TPG Specialty Lending, Inc. unfold income for the first quarter of $ 0.51 per share, from the revenue of $ 66.27 million. The quarterly earnings elevated 24.39 percent while revenues elevated 26.25 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.49 per share from $ 66.17 million in revenue. The bottom line results beat street analysts by $ 0.02 or 4.08 percent, at the same time, top line results outshined analysts by $ 0.10 million or 0.15 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TSLX was $ 17.27, representing a 53.51 % increase from the 52 week low of $ 11.25 and a 27.04 % decrease over the 52 week high of $ 23.67.
The company has a market capital of $ 1.16 billion and is part of the Financial Services sector and Asset Management industry.
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Recent Analyst recommendations
- On 24th June 2020, downgraded by Raymond James to Market Perform from Outperform rating.
Recent Stock Dividend Announcement
On May 5, 2020, the board of directors authorized quarterly dividend of $ 0.41 per share to holders of record as of the close of business on June 15, 2020, with payment date of July 15, 2020 and ex-dividend date on June 12, 2020.
TPG Specialty Lending, Inc. is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, 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.
