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Oaktree Specialty Lending (OCSL)
NASDAQ:OCSL
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.51Last Year’s EPS
0.56Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 0.50%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic actions to strengthen the company's financial position, including equity purchase at a premium, amended fee structure, and positive market outlook. However, the call also noted challenges such as declines in adjusted NII and NAV, issues with non-accrual investments, and interest rate pressures.Company Guidance
During Oaktree Specialty Lending Corporation's first fiscal quarter of 2025 conference call, several key metrics and strategic actions were discussed. Oaktree purchased $100 million of newly issued common stock from OCSL at $17.63 per share, equating to a 10% premium, which resulted in nearly a 7% increase in net asset value (NAV). The company also implemented a new fee structure, waiving $6.2 million in Part I incentive fees. The dividend policy was amended to include a base dividend of $0.40 per share and a supplemental dividend of $0.07 per share. The adjusted net investment income for the quarter was $45 million, or $0.54 per share. OCSL's portfolio had a fair value of $2.8 billion, with investments in 136 companies, and a weighted average yield of 10.7% on debt investments. Non-accrual investments represented 3.9% of the portfolio at fair value. The company remains focused on leveraging its platform for growth, with a strong pipeline to deploy additional equity and leverage in the coming quarters.Equity Purchase at Premium
Oaktree purchased $100 million of newly issued common stock from OCSL at a 10% premium to the stock price, resulting in a nearly 7% increase to NAV.
Amended Fee Structure
A permanent cap was instituted on the Part I incentive fee, waiving $6.2 million of fees this quarter, providing clarity and stability.
Dividend Policy Adjustment
A new base dividend of $0.40 per share, plus a supplemental dividend of $0.07 per share was announced, aiming for sustainable distributions.
Strong Portfolio Activity
Invested $198 million in new and existing companies, with 82% of the portfolio in first lien positions, and a healthy weighted average yield of 10.7%.
Positive Developments in Portfolio
Finthrive was successfully restructured and removed from non-accrual status, among other positive trends in portfolio companies.
Optimistic Market Outlook
Expectations for increased deal flow in 2025, with private equity firms holding over $2 trillion of dry powder, suggest a positive outlook for the sector.
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OCSL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OCSL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $15.95 | $15.51 | -2.76% |
| Nov 19, 2024 | $15.60 | $15.07 | -3.40% |
| Aug 01, 2024 | $16.83 | $16.15 | -4.04% |
| Apr 30, 2024 | $18.03 | $17.38 | -3.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Oaktree Specialty Lending (OCSL) report earnings?
Oaktree Specialty Lending (OCSL) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Oaktree Specialty Lending (OCSL) earnings time?
Oaktree Specialty Lending (OCSL) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OCSL EPS forecast?
OCSL EPS forecast for the fiscal quarter 2025 (Q2) is 0.51.
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