Sixth Street Specialty Lending (TSLX) Set to Announce Earnings on Wednesday

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.04. The firm had revenue of $119.50 million during the quarter, compared to analysts' expectations of $115.18 million. Sixth Street Specialty Lending had a return on equity of 13.67% and a net margin of 50.69%. During the same period in the prior year, the firm 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 Stock Performance

NYSE:TSLX traded down $0.04 during trading hours on Wednesday, reaching $21.14. 257,272 shares of the company's stock were exchanged, compared to its average volume of 405,721. Sixth Street Specialty Lending has a 1-year low of $17.31 and a 1-year high of $22.35. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.13 and a beta of 1.04. The company has a 50-day moving average of $21.16 and a 200 day moving average of $21.06.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Sixth Street Specialty Lending's previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 1.51%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 70.77%.

Wall Street Analyst Weigh In

TSLX has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. JMP Securities reaffirmed a "market outperform" rating and set a $22.50 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. Wells Fargo & Company raised their price objective on shares of Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an "overweight" rating in a research note on Monday, January 29th. Finally, Truist Financial upped their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending presently has a consensus rating of "Moderate Buy" and a consensus 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.