Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Sixth Street Specialty Lending, Inc. (TSLX)
:TSLX
Holding TSLX?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.57Last Year’s EPS
0.62Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 9.84%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The call presented a mix of positive and negative aspects. While there was strong financial performance with significant liquidity and increased investment activity, there were also challenges such as unrealized losses on investments and a decline in net asset value. The overall sentiment is balanced, indicating a stable but cautious outlook.Company Guidance
In the Third Quarter 2024 earnings call for Sixth Street Specialty Lending, Inc. (TSLX), several key financial metrics and guidance highlights were discussed. The company reported an adjusted net investment income per share of $0.57, which exceeded their base quarterly dividend by $0.11 per share, and an annualized return on equity of 13.2%. Adjusted net income per share was $0.41, with an annualized return on equity of 9.6%. Despite a $0.15 per share difference between net investment income and net income due to unrealized losses, mainly from their investment in Lithium Technologies, the company declared a base quarterly dividend of $0.46 and a supplemental dividend of $0.05 per share. Total investments increased to $3.4 billion, driving an increase in the debt-to-equity ratio from 1.12x to 1.19x. The company's portfolio had a weighted average yield on debt and income-producing securities of 13.4%, and they maintained a strong liquidity position with nearly $1.1 billion of unfunded revolver capacity at quarter end. The management highlighted that their dividend policy remains well-supported through the forward interest rate curve, and they aim to deliver top-tier results for shareholders by leveraging the Sixth Street platform's scale and expertise.Strong Financial Performance
Adjusted net investment income per share of $0.57, exceeding the base quarterly dividend by $0.11 per share or 23%, with an annualized return on equity of 13.2%.
Robust Liquidity Position
Significant liquidity with nearly $1.1 billion of unfunded revolver capacity at quarter end against $226 million of unfunded portfolio company commitments eligible to be drawn.
Increase in Investment Activity
Closed on $269 million of commitments across 8 new investments and upsizes to 4 existing portfolio companies, with 100% of Q3 fundings in first lien positions.
Improvement in Interest Coverage
The weighted average interest coverage on core portfolio companies improved from 2.1 to 2.2 quarter-over-quarter.
---
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
---
TSLX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Feb 15, 2024 | $19.69 | $19.69 | 0.00% |
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.
---
FAQ
When does Sixth Street Specialty Lending, Inc. (TSLX) report earnings?
Sixth Street Specialty Lending, Inc. (TSLX) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Sixth Street Specialty Lending, Inc. (TSLX) earnings time?
Sixth Street Specialty Lending, Inc. (TSLX) earnings time is at Feb 13, 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 2024 (Q4) is 0.57.
---