Oaktree Specialty Lending (OCSL) to Release Quarterly Earnings on Tuesday

Oaktree Specialty Lending (NASDAQ:OCSL) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Oaktree Specialty Lending had a return on equity of 12.22% and a net margin of 28.81%. The company had revenue of $97.99 million for the quarter, compared to the consensus estimate of $99.48 million. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, analysts expect Oaktree Specialty Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL opened at $19.60 on Tuesday. Oaktree Specialty Lending has a twelve month low of $17.99 and a twelve month high of $21.64. The stock’s 50 day moving average price is $19.61 and its 200-day moving average price is $19.95. The company has a market capitalization of $1.55 billion, a PE ratio of 12.98 and a beta of 1.06. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.60.

Oaktree Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.20 annualized dividend and a dividend yield of 11.22%. Oaktree Specialty Lending’s dividend payout ratio is currently 145.70%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OCSL. Wells Fargo & Company upped their price target on shares of Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. B. Riley lowered shares of Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a report on Monday, January 8th. Keefe, Bruyette & Woods lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $22.00 to $19.00 in a report on Friday, February 2nd. JPMorgan Chase & Co. dropped their target price on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, JMP Securities reiterated a “market outperform” rating and set a $21.00 target price on shares of Oaktree Specialty Lending in a report on Tuesday, March 26th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.67.

Insider Activity at Oaktree Specialty Lending

In other news, Director Phyllis R. Caldwell purchased 2,000 shares of Oaktree Specialty Lending stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average price of $20.07 per share, with a total value of $40,140.00. Following the completion of the transaction, the director now directly owns 11,166 shares of the company’s stock, valued at $224,101.62. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is owned by insiders.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation is a business development company. The fund 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.