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Sixth Street Specialty Lending (TSLX)
NYSE:TSLX
RESEARCH TOOLSreports
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
0.59Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 2.67%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance in Q4 and 2024 overall, highlighted by record activity-based fees and net asset value growth. However, challenges such as credit deterioration in a couple of portfolio companies and a decline in new investment spreads were noted. While there are some lowlights, the highlights of strong financial performance and growth outweigh them.Company Guidance
During the call, Sixth Street Specialty Lending, Inc. provided guidance for 2025, expecting a return on equity on net investment income ranging from 11.5% to 12.5%. This corresponds to a full-year adjusted net investment income per share between $1.97 and $2.14, based on their year-end book value per share of $17.09. The company highlighted their strong performance in 2024, with a full-year adjusted net investment income of $2.33 per share, representing an operating return on equity of 13.8%. They also reported an increase in net asset value per share from $17.04 to $17.16 over the year. Key contributors to their 2024 results included higher base interest rates and significant activity-based fees, while credit headwinds and tighter new investment spreads were noted challenges. Looking ahead, they emphasized the importance of portfolio spreads in driving future returns and maintained a conservative outlook, assuming spreads remain consistent and portfolio turnover decreases.Strong Fourth Quarter Results
Adjusted net investment income was $0.61 per share, with an annualized operating return on equity of 14.2%. Adjusted net income was $0.54 per share, with an annualized return on equity of 12.5%.
Record Activity-Based Fees
In Q4, the company earned $0.15 per share of activity-based fees, the highest amount in seven quarters.
Net Asset Value Growth
Net asset value per share increased from $17.12 as of September 30 to $17.16 as of December 31, 2024.
Increased Investment Activity
Q4 was the busiest quarter in three years with $479 million in total commitments and $324 million in total fundings.
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TSLX 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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TSLX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $22.47 | $22.96 | +2.18% |
| Nov 05, 2024 | $19.71 | $19.78 | +0.36% |
| Jul 31, 2024 | $19.88 | $19.85 | -0.15% |
| May 01, 2024 | $20.24 | $19.42 | -4.05% |
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 Sixth Street Specialty Lending (TSLX) report earnings?
Sixth Street Specialty Lending (TSLX) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Sixth Street Specialty Lending (TSLX) earnings time?
Sixth Street Specialty Lending (TSLX) earnings time is at May 06, 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 TSLX EPS forecast?
TSLX EPS forecast for the fiscal quarter 2025 (Q1) is 0.56.
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