Sixth Street Specialty Lending (TSLX) Scheduled to Post Earnings on Wednesday

Sixth Street Specialty Lending (NYSE:TSLX) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Sixth Street Specialty Lending to post earnings of $0.58 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Friday, February 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned $0.65 EPS. 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 Price Performance

TSLX opened at $21.68 on Monday. Sixth Street Specialty Lending has a 12-month low of $17.31 and a 12-month high of $22.35. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.19. The stock has a 50-day moving average price of $21.15 and a 200-day moving average price of $21.08. The stock has a market capitalization of $2.00 billion, a P/E ratio of 8.34 and a beta of 1.04.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, March 14th. 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 70.77%.

Analyst Ratings Changes

A number of research firms have commented on TSLX. JMP Securities reaffirmed a “market outperform” rating and set a $22.50 price target on shares of Sixth Street Specialty Lending in a research report on Tuesday, March 26th. Truist Financial lifted their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Wells Fargo & Company lifted their target price on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an “overweight” rating in a research report on Monday, January 29th. Finally, Royal Bank of Canada boosted their price objective on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.60.

Sixth Street Specialty Lending Company Profile

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.