Wall Street analysts expect Oaktree Strategic Income Co. (NASDAQ:OCSI) to announce earnings per share (EPS) of $0.19 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income posted earnings of $0.20 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 5%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Oaktree Strategic Income will report full year earnings of $0.76 per share for the current year. For the next fiscal year, analysts expect that the company will post earnings of $0.79 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Oaktree Strategic Income.
OCSI has been the topic of a number of analyst reports. Maxim Group reaffirmed a “hold” rating on shares of Oaktree Strategic Income in a research report on Thursday, August 10th. Zacks Investment Research raised Oaktree Strategic Income from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research report on Tuesday, August 15th. Finally, TheStreet cut Oaktree Strategic Income from a “b-” rating to a “c” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.50.
In related news, major shareholder Leonard M. Tannenbaum sold 22,800 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $9.01, for a total value of $205,428.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Leonard M. Tannenbaum sold 12,525 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $9.01, for a total value of $112,850.25. Following the completion of the transaction, the insider now directly owns 5,086,259 shares in the company, valued at $45,827,193.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,433 shares of company stock worth $560,881. Insiders own 0.43% of the company’s stock.
Oaktree Strategic Income (NASDAQ OCSI) traded up $0.03 during mid-day trading on Thursday, hitting $8.32. The stock had a trading volume of 93,842 shares, compared to its average volume of 164,958. Oaktree Strategic Income has a 12-month low of $7.03 and a 12-month high of $10.37. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.57. The stock has a market cap of $243.69, a PE ratio of 10.88 and a beta of 0.31.
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About Oaktree Strategic Income
Oaktree Strategic Income Corporation, formerly Fifth Street Senior Floating Rate Corp., is a closed-end, non-diversified management investment company. The Company operates as a specialty finance company. The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments while seeking to preserve its capital.
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