Overview
Oaktree fiscal Q4 adjusted EPS misses analyst expectations
Total investment income for fiscal Q4 increased due to higher prepayment fees and dividend income
Company declares quarterly cash distribution of $0.40 per share
Outlook
Company remains disciplined in underwriting amid uncertain outlook
Company did not provide specific financial guidance for future periods
Result Drivers
HIGHER PREPAYMENT FEES - Increase in Q4 investment income driven by higher prepayment fees
LOWER INTEREST INCOME - Full year decline in investment income due to lower reference rates and tightening spreads
DIVIDEND INCOME DECLINE - Reduced dividend income from investment in SLF JV I contributed to lower annual investment income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Adjusted EPS | Miss | $0.28 | $0.39 (6 Analysts) |
Q4 Investment Income per Share | $0.88 | ||
Q4 Adjusted Net Income | Miss | $24.50 mln | $34.97 mln (5 Analysts) |
Q4 Fee Income | $2.12 mln | ||
Q4 Investment Income Before Tax | $36.07 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "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 Oaktree Specialty Lending Corp is $13.50, about 1.3% above its November 17 closing price of $13.33
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nBw6QtLYJa
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(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.)
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