Oaktree Specialty Lending (OCSL) Scheduled to Post Quarterly Earnings on Tuesday

Oaktree Specialty Lending (NASDAQ:OCSL) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Oaktree Specialty Lending had a return on equity of 12.22% and a net margin of 28.81%. The company had revenue of $97.99 million for the quarter, compared to analyst estimates of $99.48 million. During the same period in the previous year, the business posted $0.61 earnings per share. On average, analysts expect Oaktree Specialty Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Oaktree Specialty Lending Stock Up 0.8 %

Oaktree Specialty Lending stock opened at $19.83 on Friday. Oaktree Specialty Lending has a twelve month low of $17.99 and a twelve month high of $21.64. The stock has a 50 day moving average of $19.58 and a two-hundred day moving average of $19.95. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 13.13 and a beta of 1.06.

Oaktree Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 11.09%. The ex-dividend date of this dividend was Thursday, March 14th. Oaktree Specialty Lending’s payout ratio is 145.70%.

Analysts Set New Price Targets

Several research firms have weighed in on OCSL. Wells Fargo & Company raised their price target on Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. B. Riley downgraded Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a research report on Monday, January 8th. JMP Securities reissued a “market outperform” rating and set a $21.00 price target on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. JPMorgan Chase & Co. lowered their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Keefe, Bruyette & Woods downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $22.00 to $19.00 in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.67.

Insider Activity at Oaktree Specialty Lending

In other news, Director Phyllis R. Caldwell bought 2,000 shares of Oaktree Specialty Lending stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $20.07 per share, for a total transaction of $40,140.00. Following the completion of the acquisition, the director now owns 11,166 shares of the company’s stock, valued at $224,101.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is owned by insiders.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.