Oaktree Specialty Lending (OCSL) Scheduled to Post Quarterly Earnings on Thursday

Oaktree Specialty Lending (NASDAQ:OCSL) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Parties that are 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 results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.01). Oaktree Specialty Lending had a net margin of 25.90% and a return on equity of 12.16%. The business had revenue of $94.03 million during the quarter, compared to analyst estimates of $99.66 million. During the same quarter in the previous year, the firm posted $0.62 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 Trading Down 1.1 %

Oaktree Specialty Lending stock opened at $18.15 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a 50-day moving average of $18.84 and a 200-day moving average of $19.47. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 13.54 and a beta of 1.09. Oaktree Specialty Lending has a one year low of $17.63 and a one year high of $21.64.

Analyst Upgrades and Downgrades

OCSL has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a research report on Monday. Wells Fargo & Company cut their price objective on Oaktree Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Finally, JMP Securities decreased their target price on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating for the company in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.75.

Oaktree Specialty Lending Company Profile

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.