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

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) is expected to be releasing its earnings data after the market closes on Thursday, February 13th. Analysts expect Sixth Street Specialty Lending to post earnings of $0.57 per share and revenue of $119.06 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX traded down $0.01 during mid-day trading on Friday, hitting $22.14. 426,116 shares of the stock were exchanged, compared to its average volume of 250,707. The firm's 50-day simple moving average is $21.48 and its 200 day simple moving average is $20.97. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 10.75 and a beta of 1.06. Sixth Street Specialty Lending has a fifty-two week low of $19.50 and a fifty-two week high of $22.47. 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 Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.05 per share. This represents a dividend 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 research firms recently commented on TSLX. Keefe, Bruyette & Woods lowered their price target on shares of 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. LADENBURG THALM/SH SH raised shares of Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 target price on the stock in a report on Wednesday, November 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company raised their price objective on 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. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $22.33.

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.