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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Miss $0.28 $0.39 (6

Adjusted Analysts

EPS )

Q4 $0.88

Investme

nt

Income

per

Share

Q4 Miss $24.50 $34.97

Adjusted mln mln (5

Net Analysts

Income )

Q4 Fee $2.12

Income mln

Q4 $36.07

Investme mln

nt

Income

Before

Tax

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 ( OCSL ) 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:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)