$0.18 EPS Expected for Oaktree Specialty Lending Co. (NASDAQ:OCSL) This Quarter

Analysts predict that Oaktree Specialty Lending Co. (NASDAQ:OCSLGet Rating) will report earnings of $0.18 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Oaktree Specialty Lending’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.17. Oaktree Specialty Lending reported earnings of $0.19 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 5.3%. The firm is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Oaktree Specialty Lending will report full-year earnings of $0.72 per share for the current financial year, with EPS estimates ranging from $0.71 to $0.72. For the next financial year, analysts forecast that the company will report earnings of $0.70 per share, with EPS estimates ranging from $0.68 to $0.72. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Oaktree Specialty Lending.

Oaktree Specialty Lending (NASDAQ:OCSLGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Oaktree Specialty Lending had a net margin of 53.18% and a return on equity of 9.59%. The firm had revenue of $64.30 million during the quarter, compared to the consensus estimate of $58.95 million.

Several research analysts recently weighed in on OCSL shares. Zacks Investment Research raised shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a report on Tuesday, May 10th. Hovde Group dropped their target price on shares of Oaktree Specialty Lending to $7.00 in a report on Friday. Finally, StockNews.com started coverage on shares of Oaktree Specialty Lending in a report on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $7.81.

In related news, President Mathew Pendo purchased 18,381 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were acquired at an average price of $7.06 per share, for a total transaction of $129,769.86. Following the purchase, the president now directly owns 103,591 shares in the company, valued at $731,352.46. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Phyllis R. Caldwell purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was bought at an average price of $7.04 per share, for a total transaction of $35,200.00. Following the purchase, the director now owns 7,700 shares in the company, valued at $54,208. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 25,981 shares of company stock worth $184,262. Corporate insiders own 0.32% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in OCSL. Oaktree Capital Management LP raised its position in shares of Oaktree Specialty Lending by 1,526.9% during the 3rd quarter. Oaktree Capital Management LP now owns 4,490,368 shares of the credit services provider’s stock valued at $31,701,000 after buying an additional 4,214,368 shares in the last quarter. Greenwich Investment Management Inc. purchased a new stake in Oaktree Specialty Lending in the 4th quarter worth about $18,335,000. Invesco Ltd. raised its position in Oaktree Specialty Lending by 911.0% in the 4th quarter. Invesco Ltd. now owns 1,870,776 shares of the credit services provider’s stock worth $13,956,000 after purchasing an additional 1,685,736 shares during the period. Millennium Management LLC raised its position in Oaktree Specialty Lending by 149.5% in the 3rd quarter. Millennium Management LLC now owns 2,260,466 shares of the credit services provider’s stock worth $15,959,000 after purchasing an additional 1,354,562 shares during the period. Finally, Van ECK Associates Corp raised its position in Oaktree Specialty Lending by 48.4% in the 1st quarter. Van ECK Associates Corp now owns 3,868,924 shares of the credit services provider’s stock worth $28,514,000 after purchasing an additional 1,261,296 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Shares of OCSL stock traded down $0.08 during mid-day trading on Tuesday, reaching $6.74. 1,967,140 shares of the company’s stock traded hands, compared to its average volume of 1,143,657. Oaktree Specialty Lending has a 12 month low of $6.57 and a 12 month high of $7.81. The firm has a 50 day moving average price of $7.28 and a two-hundred day moving average price of $7.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $1.24 billion, a PE ratio of 8.87 and a beta of 1.31.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $0.66 annualized dividend and a yield of 9.79%. This is a boost from Oaktree Specialty Lending’s previous quarterly dividend of $0.16. Oaktree Specialty Lending’s payout ratio is presently 84.21%.

About Oaktree Specialty Lending (Get Rating)

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity and management buyouts in small and mid-sized companies.

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Earnings History and Estimates for Oaktree Specialty Lending (NASDAQ:OCSL)

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