Brokerages Anticipate Blackstone Secured Lending Fund (NYSE:BXSL) Will Post Earnings of $0.62 Per Share

Brokerages expect Blackstone Secured Lending Fund (NYSE:BXSL – Get Rating) to report $0.62 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Blackstone Secured Lending Fund’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.61. The firm is expected to announce its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Blackstone Secured Lending Fund will report full year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.47. For the next fiscal year, analysts forecast that the company will report earnings of $2.43 per share, with EPS estimates ranging from $2.31 to $2.49. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Blackstone Secured Lending Fund.

Blackstone Secured Lending Fund (NYSE:BXSL – Get Rating) last released its earnings results on Monday, February 28th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.07. The company had revenue of $192.00 million during the quarter, compared to analyst estimates of $176.57 million.

BXSL has been the topic of a number of research analyst reports. Zacks Investment Research lowered Blackstone Secured Lending Fund from a “buy” rating to a “hold” rating in a research report on Thursday, March 3rd. Citigroup raised Blackstone Secured Lending Fund from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Thursday, March 3rd. Raymond James raised Blackstone Secured Lending Fund from an “underperform” rating to a “market perform” rating in a research report on Monday, February 14th. Royal Bank of Canada decreased their price objective on Blackstone Secured Lending Fund from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, March 3rd. Finally, Wells Fargo & Company upgraded Blackstone Secured Lending Fund from an “equal weight” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Wednesday, March 2nd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.28.

NYSE:BXSL opened at $26.96 on Thursday. The firm has a 50-day moving average of $28.21. Blackstone Secured Lending Fund has a 1-year low of $26.15 and a 1-year high of $38.32.

Several hedge funds have recently bought and sold shares of BXSL. Pinnacle Bancorp Inc. acquired a new position in shares of Blackstone Secured Lending Fund during the 1st quarter worth approximately $28,000. Advisor Group Holdings Inc. acquired a new position in shares of Blackstone Secured Lending Fund during the 4th quarter worth approximately $36,000. Wells Fargo & Company MN acquired a new position in shares of Blackstone Secured Lending Fund during the 4th quarter worth approximately $48,000. Lindbrook Capital LLC acquired a new position in shares of Blackstone Secured Lending Fund during the 1st quarter worth approximately $69,000. Finally, Bank of America Corp DE acquired a new position in shares of Blackstone Secured Lending Fund during the 4th quarter worth approximately $161,000. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Secured Lending Fund Company Profile (Get Rating)

Blackstone Secured Lending Fund (together with its consolidated subsidiaries, the Company), is a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).

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