Sixth Street Specialty Lending (NYSE:TSLX) Issues Quarterly Earnings Results

by · The Cerbat Gem

Sixth Street Specialty Lending (NYSE:TSLX – Get Free Report) issued its earnings results on Tuesday. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57, Briefing.com reports. Sixth Street Specialty Lending had a net margin of 44.55% and a return on equity of 13.76%. The company had revenue of $119.22 million for the quarter, compared to analysts’ expectations of $119.85 million. During the same period in the prior year, the business earned $0.60 EPS.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE:TSLX traded down $0.46 during trading on Thursday, hitting $19.80. 701,700 shares of the stock traded hands, compared to its average volume of 350,282. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 8.39 and a beta of 1.06. The company has a fifty day moving average price of $20.66 and a two-hundred day moving average price of $21.07. Sixth Street Specialty Lending has a 52-week low of $19.50 and a 52-week high of $22.35.

Sixth Street Specialty Lending Cuts Dividend

The company also recently announced a — dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.05 per share. This represents a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 77.97%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday. Keefe, Bruyette & Woods lowered their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research note on Thursday. Wells Fargo & Company lowered their target price on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Thursday, August 15th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $22.00.

Check Out Our Latest Stock Report on TSLX

Sixth Street Specialty Lending Company Profile

(Get Free Report)

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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