Zacks: Analysts Anticipate Saratoga Investment Corp (SAR) to Announce $0.55 EPS
Wall Street brokerages expect Saratoga Investment Corp (NYSE:SAR) to announce earnings of $0.55 per share for the current quarter, according to Zacks. Two analysts have made estimates for Saratoga Investment’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.57. Saratoga Investment reported earnings of $0.54 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The firm is expected to report its next earnings report on Wednesday, January 9th.
On average, analysts expect that Saratoga Investment will report full-year earnings of $2.46 per share for the current financial year. For the next financial year, analysts expect that the company will post earnings of $2.34 per share, with EPS estimates ranging from $2.08 to $2.49. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Saratoga Investment.
Saratoga Investment (NYSE:SAR) last issued its earnings results on Thursday, October 11th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). Saratoga Investment had a return on equity of 10.55% and a net margin of 40.39%. The firm had revenue of $11.40 million during the quarter, compared to analyst estimates of $10.18 million.
SAR traded down $0.27 on Monday, reaching $21.52. The stock had a trading volume of 32,687 shares, compared to its average volume of 49,965. Saratoga Investment has a fifty-two week low of $19.62 and a fifty-two week high of $28.30. The stock has a market cap of $160.22 million, a PE ratio of 9.48 and a beta of 0.26.
Several hedge funds have recently modified their holdings of the company. Ahrens Investment Partners LLC increased its stake in shares of Saratoga Investment by 31.3% in the third quarter. Ahrens Investment Partners LLC now owns 10,900 shares of the financial services provider’s stock valued at $252,000 after buying an additional 2,600 shares during the period. Wells Fargo & Company MN increased its stake in shares of Saratoga Investment by 61.2% in the third quarter. Wells Fargo & Company MN now owns 31,403 shares of the financial services provider’s stock valued at $724,000 after buying an additional 11,922 shares during the period. Valeo Financial Advisors LLC increased its stake in shares of Saratoga Investment by 110.3% in the third quarter. Valeo Financial Advisors LLC now owns 5,720 shares of the financial services provider’s stock valued at $120,000 after buying an additional 3,000 shares during the period. Weber Alan W acquired a new stake in shares of Saratoga Investment in the second quarter valued at about $479,000. Finally, Mckinley Capital Management LLC Delaware increased its stake in shares of Saratoga Investment by 9.8% in the second quarter. Mckinley Capital Management LLC Delaware now owns 34,711 shares of the financial services provider’s stock valued at $961,000 after buying an additional 3,086 shares during the period. 14.32% of the stock is owned by institutional investors.
About Saratoga Investment
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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