Zacks: Brokerages Anticipate Saratoga Investment Corp (NYSE:SAR) to Announce $0.60 Earnings Per Share

Analysts predict that Saratoga Investment Corp (NYSE:SAR) will report $0.60 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Saratoga Investment’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.57. Saratoga Investment reported earnings of $0.69 per share in the same quarter last year, which indicates a negative year over year growth rate of 13%. The company is scheduled to announce its next quarterly earnings report on Wednesday, October 9th.

On average, analysts expect that Saratoga Investment will report full-year earnings of $2.51 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.52. For the next fiscal year, analysts expect that the company will post earnings of $2.49 per share, with EPS estimates ranging from $2.27 to $2.70. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Saratoga Investment.

Saratoga Investment (NYSE:SAR) last posted its earnings results on Wednesday, July 10th. The financial services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. Saratoga Investment had a return on equity of 10.75% and a net margin of 44.66%. The firm had revenue of $12.75 million for the quarter, compared to analysts’ expectations of $12.21 million.

SAR has been the topic of a number of analyst reports. Compass Point cut Saratoga Investment from a “buy” rating to a “neutral” rating in a research report on Monday, April 15th. National Securities restated a “neutral” rating and set a $24.00 target price on shares of Saratoga Investment in a research report on Friday, May 17th. Maxim Group set a $4.00 target price on MYnd Analytics and gave the company a “buy” rating in a research report on Friday, July 12th. LADENBURG THALM/SH SH cut Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research report on Friday, May 10th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $25.75.

Hedge funds have recently bought and sold shares of the stock. PFG Advisors acquired a new stake in Saratoga Investment in the 4th quarter worth about $893,000. Legal & General Group Plc boosted its holdings in Saratoga Investment by 33.0% in the 4th quarter. Legal & General Group Plc now owns 32,461 shares of the financial services provider’s stock worth $646,000 after buying an additional 8,054 shares during the last quarter. Private Portfolio Partners LLC acquired a new stake in Saratoga Investment in the 1st quarter worth about $311,000. Advisors Asset Management Inc. acquired a new stake in Saratoga Investment in the 1st quarter worth about $198,000. Finally, North Star Investment Management Corp. acquired a new stake in Saratoga Investment in the 1st quarter worth about $25,000. Institutional investors own 16.66% of the company’s stock.

Shares of NYSE:SAR traded down $0.01 during trading on Monday, reaching $24.85. 128,917 shares of the company’s stock traded hands, compared to its average volume of 65,375. Saratoga Investment has a fifty-two week low of $18.60 and a fifty-two week high of $25.65. The stock has a market cap of $199.33 million, a price-to-earnings ratio of 9.56 and a beta of 0.64. The stock has a 50-day simple moving average of $24.33.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 8.85%. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.54. The ex-dividend date was Wednesday, June 12th. Saratoga Investment’s payout ratio is presently 83.65%.

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

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