Zacks: Brokerages expect Blackstone Secured Lending Fund. (NYSE: BXSL) Reports Earnings Per Share of $0.62

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Wall Street analysts expect Blackstone Secured Lending Fund. (NYSE:BXSL – Get Rating) will post earnings per share of $0.62 for the current fiscal quarter, reports Zacks Investment Research. Two analysts have released earnings estimates for Blackstone Secured Lending Fund. The highest EPS estimate is $0.63 and the lowest is $0.61. The company is expected to announce its next earnings report on Monday, January 1.

According to Zacks, analysts expect Blackstone Secured Lending Fund. will report annual earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.47. For the next fiscal year, analysts expect the company to post earnings of $2.43 per share, with EPS estimates ranging from $2.31 to $2.49. Zacks’ earnings per share calculations are an average average based on a survey of sell-side analysts who track the Blackstone Secured Lending Fund.

Blackstone Secured Loan Fund. (NYSE:BXSL – Get Rating) last released its quarterly earnings data on Monday, February 28. The company reported earnings per share (EPS) of $0.67 for the quarter, beating Thomson Reuters consensus estimate of $0.60 by $0.07. The company posted revenue of $192.00 million for the quarter, versus analyst estimates of $176.57 million.

A number of research companies have weighed in on BXSL recently. The Royal Bank of Canada has abandoned its price target on shares of the Blackstone Secured Lending Fund. from $34.00 to $32.00 and set an “outperform” rating for the company in a Thursday, March 3, research report. Zacks Investment Research downgraded shares of Blackstone Secured Lending Fund. from a “buy” rating to a “hold” rating in a Thursday, March 3, research report. Janney Montgomery Scott began hedging shares of the Blackstone Secured Lending Fund. in a research report on Friday, December 3. They issued a “neutral” rating and a price target of $30.00 for the company. Citigroup has upgraded the shares of the Blackstone Secured Lending Fund. from a “neutral” rating to a “buy” rating and set a price target of $32.00 for the company in a Thursday, March 3 research report. Finally, Raymond James upgraded the shares of the Blackstone Secured Lending Fund. from an “underperforming” rating to a “market performance” rating in a Monday, February 14, research report. Seven analysts gave the stock a hold rating and three gave the stock a buy rating. Based on data from MarketBeat.com, Blackstone Secured Lending Fund. has an average rating of “Hold” and an average target price of $31.28.

Large investors have recently changed their positions in the stock. Wells Fargo & Company MN has purchased a new stake in shares of Blackstone Secured Lending Fund. during the fourth quarter for a value of $48,000. Schonfeld Strategic Advisors LLC has purchased a new stake in shares of Blackstone Secured Lending Fund. during the fourth quarter for a value of $1,078,000. Marshall Wace LLP has purchased a new stake in shares of Blackstone Secured Lending Fund. during the fourth quarter with a value of $851,000. Millennium Management LLC has purchased a new stake in the shares of Blackstone Secured Lending Fund. during the fourth quarter for a value of $363,000. Finally, Gillson Capital LP purchased a new equity stake in Blackstone Secured Lending Fund. in the fourth quarter with a value of $1,252,000. 12.33% of the shares are currently held by institutional investors and hedge funds.

BXSL stock traded down $0.26 at midday on Thursday, hitting $28.43. 2,081 shares of the company were traded, against an average volume of 192,589. The company has a 50-day simple moving average of $29.15. Blackstone Secured Loan Fund. has a 1-year low of $26.15 and a 1-year high of $38.32.

About the Blackstone Secured Loan Fund. (Get an evaluation)

Blackstone Secured Lending Fund is a business development company managed externally by Blackstone Credit BDC Advisors LLC. The company is a specialty finance company that invests primarily in US private corporate debt. Blackstone Secured Lending Fund is based in NEW YORK.

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