Sixth Street Specialty Lending Q3 adjusted EPS misses estimates

Overview

• US specialty finance firm's Q3 adjusted EPS missed analyst expectations

• Company declared Q4 base dividend and Q3 supplemental dividend

Outlook

• Company declares Q4 base dividend of $0.42 per share

• Company declares Q3 supplemental dividend of $0.01 per share

Result Drivers

• MIDDLE-MARKET LENDING - Co said results were driven by direct originations of senior secured loans to U.S. middle-market companies

• INVESTMENT RESOURCES - Co said it leverages Sixth Street's investment and sector resources to support lending activities

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the closed end funds peer group is "buy"

• Wall Street's median 12-month price target for Sixth Street Specialty Lending, Inc. is $20.00, about 10.1% above its November 2 closing price of $18.17

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)