Saratoga Investment Corp. (NYSE:SAR) Expected to Post Earnings of $0.55 Per Share

Brokerages predict that Saratoga Investment Corp. (NYSE:SARGet Rating) will post earnings per share (EPS) of $0.55 for the current quarter, according to Zacks. Two analysts have made estimates for Saratoga Investment’s earnings. Saratoga Investment reported earnings of $0.56 per share during the same quarter last year, which indicates a negative year over year growth rate of 1.8%. The company is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Saratoga Investment will report full year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.19 to $2.38. For the next year, analysts expect that the business will post earnings of $2.42 per share, with EPS estimates ranging from $2.23 to $2.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Saratoga Investment.

Saratoga Investment (NYSE:SARGet Rating) last released its earnings results on Wednesday, May 4th. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). The firm had revenue of $18.98 million during the quarter, compared to the consensus estimate of $17.55 million. Saratoga Investment had a net margin of 64.65% and a return on equity of 7.66%.

Several research firms have commented on SAR. TheStreet cut Saratoga Investment from a “b-” rating to a “c+” rating in a research note on Monday, January 24th. StockNews.com began coverage on Saratoga Investment in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Hovde Group cut their target price on Saratoga Investment to $28.00 in a research note on Friday. Zacks Investment Research cut Saratoga Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, March 9th. Finally, Compass Point lowered their price target on Saratoga Investment to $29.00 and set a “na” rating on the stock in a research report on Monday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $30.00.

NYSE SAR traded down $0.15 during trading on Tuesday, hitting $25.36. The stock had a trading volume of 32,089 shares, compared to its average volume of 43,408. The company has a market capitalization of $307.46 million, a PE ratio of 6.31 and a beta of 1.48. The company’s 50-day moving average price is $26.67 and its two-hundred day moving average price is $27.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.11 and a current ratio of 0.11. Saratoga Investment has a 12 month low of $23.54 and a 12 month high of $30.25.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 28th. Investors of record on Monday, March 14th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date was Friday, March 11th. Saratoga Investment’s payout ratio is presently 52.74%.

Several hedge funds have recently bought and sold shares of SAR. Wells Fargo & Company MN increased its holdings in shares of Saratoga Investment by 7.6% during the 2nd quarter. Wells Fargo & Company MN now owns 69,769 shares of the financial services provider’s stock worth $1,874,000 after acquiring an additional 4,953 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Saratoga Investment during the 3rd quarter worth approximately $281,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Saratoga Investment by 5.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 128,033 shares of the financial services provider’s stock worth $3,680,000 after acquiring an additional 6,949 shares during the last quarter. Advisory Research Inc. acquired a new position in shares of Saratoga Investment during the 3rd quarter worth approximately $585,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Saratoga Investment by 29.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 2,246 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 509 shares during the last quarter. 20.68% of the stock is currently owned by institutional investors and hedge funds.

About Saratoga Investment (Get Rating)

Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.

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Earnings History and Estimates for Saratoga Investment (NYSE:SAR)

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