Blackstone Secured Lending Fund (BXSL) to Release Quarterly Earnings on Tuesday

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

Blackstone Secured Lending Fund (NYSE:BXSL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). Blackstone Secured Lending Fund had a net margin of 58.08% and a return on equity of 13.36%. The company had revenue of $327.06 million for the quarter, compared to analyst estimates of $310.23 million. During the same quarter in the previous year, the company posted $1.06 EPS. 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 Trading Up 0.2 %

NYSE:BXSL opened at $31.42 on Friday. The company has a market capitalization of $6.49 billion, a P/E ratio of 8.14 and a beta of 0.42. Blackstone Secured Lending Fund has a 12 month low of $27.23 and a 12 month high of $32.67. The firm has a fifty day simple moving average of $30.34 and a 200-day simple moving average of $30.68.

Analysts Set New Price Targets

A number of brokerages have commented on BXSL. Royal Bank of Canada reaffirmed an “outperform” rating and set a $33.00 price target on shares of Blackstone Secured Lending Fund in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upped their target price on Blackstone Secured Lending Fund from $31.50 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Blackstone Secured Lending Fund has an average rating of “Moderate Buy” and a consensus price target of $31.80.

About Blackstone Secured Lending Fund

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).