Sixth Street Specialty Lending (TSLX) Expected to Announce Quarterly Earnings on Thursday

Sixth Street Specialty Lending (NYSE:TSLX) is expected to be announcing its earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $119.06 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock opened at $22.08 on Wednesday. The stock’s fifty day moving average is $21.50 and its 200-day moving average is $20.98. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. Sixth Street Specialty Lending has a 52 week low of $19.50 and a 52 week high of $22.47. The stock has a market capitalization of $2.06 billion, a PE ratio of 10.72 and a beta of 1.06.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.05 per share. This represents a yield of 7.59%. The ex-dividend date was Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio is currently 89.32%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TSLX shares. Wells Fargo & Company boosted their target price on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods decreased their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Finally, LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $22.33.

About Sixth Street Specialty Lending

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.