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

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.)