$0.17 EPS expected for Oaktree Specialty Lending Co. (NASDAQ:OCSL) this quarter
Brokerages expect Oaktree Specialty Lending Co. (NASDAQ:OCSL – Get a rating) to report earnings per share of $0.17 for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Oaktree Specialty Lending, with the highest EPS estimate of $0.18 and the lowest estimate of $0.16. Oaktree Specialty Lending posted earnings of $0.14 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 21.4%. The company is expected to release its next results before the market opens on Monday, January 1.
According to Zacks, analysts expect Oaktree Specialty Lending to report annual earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.67 to $0.69. For the next fiscal year, analysts expect the company to report earnings of $0.69 per share, with EPS estimates ranging from $0.68 to $0.70. Zacks Investment Research earnings per share averages are an average based on a survey of sell-side research firms that track Oaktree Specialty Lending.
Oaktree Specialty Loans (NASDAQ:OCSL – Get a rating) last reported results on Thursday, February 3. The credit services provider reported earnings per share of $0.17 for the quarter, beating the Zacks consensus estimate of $0.16 by $0.01. Oaktree Specialty Lending had a net margin of 89.41% and a return on equity of 8.82%. The company posted revenue of $64.94 million in the quarter, versus analyst estimates of $57.51 million. In the same quarter of the previous year, the company achieved EPS of $0.14.
Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage of Oaktree Specialty Lending shares in a Thursday, March 31, report. They issued a “holding” rating for the company. Zacks Investment Research downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a Thursday, April 7 report. Two analysts gave the stock a hold rating and two gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $8.17.
Shares of OCSL opened at $7.42 on Wednesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt ratio of 0.48. The stock has a 50-day moving average of $7.40 and a 200-day moving average of $7.42. Oaktree Specialty Lending has a 12 month minimum of $6.37 and a 12 month maximum of $7.81. The company has a market capitalization of $1.34 billion, a price/earnings ratio of 5.80, a PEG ratio of 0.91 and a beta of 1.38.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Tuesday, March 15 received a dividend of $0.16. This is an increase from Oaktree Specialty Lending’s previous quarterly dividend of $0.16. The ex-dividend date was Monday, March 14. This represents an annualized dividend of $0.64 and a dividend yield of 8.63%. Oaktree Specialty Lending’s payout ratio is currently 50.00%.
Several large investors have recently changed their stake in the company. Newbridge Financial Services Group Inc. increased its position in Oaktree Specialty Lending by 56.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 4,174 shares of the credit services provider worth $29,000 after acquiring an additional 1,500 shares in the last quarter. Good Life Advisors LLC acquired a new position in Oaktree Specialty Lending during the third quarter worth approximately $165,000. Commonwealth Equity Services LLC increased its position in Oaktree Specialty Lending by 128.0% during the third quarter. Commonwealth Equity Services LLC now owns 36,622 shares of the credit services provider worth $258,000 after acquiring 20,557 additional shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Oaktree Specialty Lending in the third quarter worth approximately $176,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Oaktree Specialty Lending by 4.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 71,045 shares of the credit services provider valued at $502,000 after buying 3,153 additional shares in the last quarter. 63.27% of the shares are currently held by institutional investors and hedge funds.
About Oaktree Specialty Loans (Get a rating)
Oaktree Specialty Lending Corporation is a business development company specializing in middle market investments, bridge financing, first and second lien debt financing, unsecured and mezzanine loans, mezzanine debt, senior and junior secured debt , expansions, sponsor-led acquisitions, preferred stock and management buy-outs in small and medium-sized businesses.
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