Blackstone Secured Lending Fund (BXSL) Scheduled to Post Earnings on Tuesday

Blackstone Secured Lending Fund (NYSE:BXSL) will be posting its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Blackstone Secured Lending Fund to post earnings of $0.90 per share for the quarter.

Blackstone Secured Lending Fund (NYSE:BXSL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.01). The business had revenue of $327.06 million during the quarter, compared to analyst estimates of $310.23 million. Blackstone Secured Lending Fund had a net margin of 58.08% and a return on equity of 13.36%. During the same period in the previous year, the business posted $1.06 earnings per share. On average, analysts expect Blackstone Secured Lending Fund to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Blackstone Secured Lending Fund Price Performance

Shares of BXSL stock opened at $31.42 on Friday. Blackstone Secured Lending Fund has a 1-year low of $27.23 and a 1-year high of $32.67. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 8.14 and a beta of 0.42. The stock has a 50 day simple moving average of $30.34 and a 200-day simple moving average of $30.68.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BXSL shares. Wells Fargo & Company reduced their price target on shares of Blackstone Secured Lending Fund from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and set a $33.00 target price on shares of Blackstone Secured Lending Fund in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. lifted their price target on Blackstone Secured Lending Fund from $31.50 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Blackstone Secured Lending Fund has a consensus rating of “Moderate Buy” and a consensus target price of $31.80.

Blackstone Secured Lending Fund Company Profile

Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).