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

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $116.70 million for the quarter.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. The business had revenue of $123.70 million during the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. 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 Trading Up 0.3 %

Shares of NYSE:TSLX traded up $0.07 during midday trading on Monday, reaching $20.99. The company's stock had a trading volume of 59,745 shares, compared to its average volume of 359,877. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 10.34 and a beta of 0.88. Sixth Street Specialty Lending has a fifty-two week low of $18.58 and a fifty-two week high of $23.67. The firm has a 50 day moving average price of $21.72 and a two-hundred day moving average price of $21.39. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a dividend yield of 6.99%. This is a positive change from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's dividend payout ratio is currently 90.64%.

Analyst Ratings Changes

A number of brokerages recently commented on TSLX. Keefe, Bruyette & Woods boosted their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Truist Financial lifted their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada boosted their price target on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Wells Fargo & Company dropped their price objective on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Sixth Street Specialty Lending has an average rating of "Moderate Buy" and a consensus price target of $22.75.

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.