TPG Specialty Lending, Inc. (NYSE:TSLX) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, TSLX is expected to report 3Q20 income of $ 0.47 per share from revenue of $ 59.14 million.
For the full year, analysts anticipate top line of $ 255.48 million, while looking forward to income of $ 2.03 per share bottom line.
Previous Quarter Performance
TPG Specialty Lending, Inc. posted income for the second quarter of $ 0.59 per share, from the revenue of $ 70.23 million. The quarterly earnings extended 25.53 percent while revenues swell 20.32 percent compared with the same quarter last year.
Street analysts expected TPG Specialty Lending, Inc. to report income of $ 0.47 per share on revenue of $ 61.81 million for the second quarter. The bottom line results beat street analysts by $ 0.12 or 25.53 percent, at the same time, top line results outshined analysts by $ 8.42 million or 13.62 percent.
Stock Performance
Shares of TPG Specialty Lending, Inc. traded up $ 0.34 or 2.04 percent on Tuesday, reaching $ 17.01 with volume of 258.70 thousand shares. TPG Specialty Lending, Inc. has traded high as $ 17.05 and has cracked $ 16.68 on the downward trend
According to the previous trading day, closing price of $ 17.01, representing a 48.18 % increase from the 52 week low of $ 11.25 and a 29.57 % decrease over the 52 week high of $ 23.67.
The company has a market capital of $ 1.15 billion and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.41 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 15, 2020 and ex-dividend date on September 14, 2020.
TPG Specialty Lending, Inc. is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, 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.
