Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Expected to Post Q3 2022 Earnings of $0.49 Per Share


Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Rating) – Research analysts at Oppenheimer decreased their Q3 2022 earnings per share estimates for shares of Sixth Street Specialty Lending in a note issued to investors on Wednesday, August 3rd. Oppenheimer analyst M. Penn now forecasts that the financial services provider will post earnings per share of $0.49 for the quarter, down from their prior estimate of $0.50. The consensus estimate for Sixth Street Specialty Lending’s current full-year earnings is $1.98 per share. Oppenheimer also issued estimates for Sixth Street Specialty Lending’s Q4 2022 earnings at $0.49 EPS and Q1 2023 earnings at $0.50 EPS.

Sixth Street Specialty Lending (NYSE:TSLX – Get Rating) last released its earnings results on Tuesday, May 3rd. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The firm had revenue of $67.43 million during the quarter, compared to the consensus estimate of $71.21 million. Sixth Street Specialty Lending had a return on equity of 12.98% and a net margin of 44.20%.

Several other equity analysts have also recently issued reports on TSLX. Hovde Group reduced their target price on Sixth Street Specialty Lending to $21.00 in a research note on Friday, May 20th. Raymond James reduced their target price on Sixth Street Specialty Lending from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday.

Sixth Street Specialty Lending Price Performance

Shares of Sixth Street Specialty Lending stock opened at $19.04 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.75 and a quick ratio of 0.58. The business’s 50 day simple moving average is $19.14 and its two-hundred day simple moving average is $21.55. The stock has a market capitalization of $1.45 billion, a P/E ratio of 11.68 and a beta of 1.05. Sixth Street Specialty Lending has a one year low of $18.02 and a one year high of $24.74.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 8.82%. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.41. The ex-dividend date is Wednesday, September 14th. Sixth Street Specialty Lending’s payout ratio is 100.61%.

Insiders Place Their Bets

In related news, VP Jennifer Gordon bought 2,500 shares of the company’s stock in a transaction on Tuesday, May 24th. The shares were acquired at an average cost of $19.91 per share, with a total value of $49,775.00. Following the completion of the acquisition, the vice president now owns 2,500 shares of the company’s stock, valued at approximately $49,775. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TSLX. Allworth Financial LP bought a new position in shares of Sixth Street Specialty Lending during the first quarter valued at $26,000. UMB Bank NA MO purchased a new stake in Sixth Street Specialty Lending during the fourth quarter valued at $40,000. Nauset Wealth Management. LLC purchased a new stake in Sixth Street Specialty Lending during the first quarter valued at $71,000. Lindbrook Capital LLC increased its position in Sixth Street Specialty Lending by 302.2% during the first quarter. Lindbrook Capital LLC now owns 4,022 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 3,022 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Sixth Street Specialty Lending during the second quarter valued at $112,000. 47.04% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Company Profile

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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.

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Earnings History and Estimates for Sixth Street Specialty Lending (NYSE:TSLX)



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