Analysts Expect Solar Senior Capital Ltd. (SUNS) to Announce $0.34 Earnings Per Share
Analysts expect Solar Senior Capital Ltd. (NASDAQ:SUNS) to announce earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Solar Senior Capital’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.35. Solar Senior Capital reported earnings per share of $0.37 during the same quarter last year, which would suggest a negative year over year growth rate of 8.1%. The business is scheduled to issue its next earnings results on Wednesday, November 1st.
On average, analysts expect that Solar Senior Capital will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.41. For the next financial year, analysts anticipate that the company will report earnings of $1.40 per share, with EPS estimates ranging from $1.38 to $1.41. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Solar Senior Capital.
Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $7.66 million for the quarter, compared to analyst estimates of $8.24 million. Solar Senior Capital had a return on equity of 7.98% and a net margin of 76.07%.
Several equities analysts recently weighed in on SUNS shares. Zacks Investment Research cut shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. BidaskClub raised shares of Solar Senior Capital from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.88.
A number of large investors have recently bought and sold shares of the stock. UBS Group AG raised its stake in Solar Senior Capital by 21.4% in the first quarter. UBS Group AG now owns 396,851 shares of the asset manager’s stock valued at $7,135,000 after buying an additional 70,058 shares during the period. Ares Management LLC raised its stake in Solar Senior Capital by 3.2% in the first quarter. Ares Management LLC now owns 275,284 shares of the asset manager’s stock valued at $4,950,000 after buying an additional 8,500 shares during the period. Mackenzie Financial Corp raised its stake in Solar Senior Capital by 67.4% in the first quarter. Mackenzie Financial Corp now owns 27,836 shares of the asset manager’s stock valued at $500,000 after buying an additional 11,209 shares during the period. Wellington Management Group LLP raised its stake in Solar Senior Capital by 12.5% in the first quarter. Wellington Management Group LLP now owns 160,272 shares of the asset manager’s stock valued at $2,882,000 after buying an additional 17,840 shares during the period. Finally, AXA purchased a new stake in Solar Senior Capital during the first quarter valued at approximately $728,000. Hedge funds and other institutional investors own 31.11% of the company’s stock.
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Solar Senior Capital (SUNS) traded up 0.74% during mid-day trading on Wednesday, hitting $16.42. The company had a trading volume of 52,678 shares. Solar Senior Capital has a 12-month low of $15.06 and a 12-month high of $18.46. The company’s 50 day moving average price is $16.94 and its 200-day moving average price is $17.35.
The firm also recently declared a monthly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were given a $0.117 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.40 annualized dividend and a yield of 8.55%. Solar Senior Capital’s payout ratio is 94.63%.
Solar Senior Capital Company Profile
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans.
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