Oaktree Specialty Lending (OCSL) Expected to Announce Quarterly Earnings on Tuesday

Oaktree Specialty Lending (NASDAQ:OCSL) is expected to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.55 per share and revenue of $91,925.67 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Oaktree Specialty Lending Stock Up 0.9 %

Shares of NASDAQ:OCSL opened at $15.81 on Tuesday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 21.96 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19. The business’s 50-day moving average is $15.63 and its 200-day moving average is $16.29. Oaktree Specialty Lending has a 1 year low of $14.89 and a 1 year high of $21.56.

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.92%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio is 305.56%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on OCSL shares. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. Citizens Jmp downgraded Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. B. Riley downgraded Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target on the stock. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Finally, Oppenheimer reissued a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.75.

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.