Saratoga Investment (SAR) Set to Announce Earnings on Wednesday

Saratoga Investment (NYSE:SAR) will post its quarterly earnings results after the market closes on Wednesday, July 8th. Analysts expect Saratoga Investment to post earnings of $0.52 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $2.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $1.84. Saratoga Investment had a net margin of 95.36% and a return on equity of 9.31%. The business had revenue of $17.61 million for the quarter, compared to the consensus estimate of $14.01 million. On average, analysts expect Saratoga Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SAR opened at $15.80 on Wednesday. Saratoga Investment has a 1-year low of $5.94 and a 1-year high of $28.70. The company has a market capitalization of $177.52 million, a PE ratio of 2.79 and a beta of 1.63. The firm’s 50 day simple moving average is $15.58 and its two-hundred day simple moving average is $19.67.

In other Saratoga Investment news, CEO Christian L. Oberbeck acquired 8,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $13.01 per share, with a total value of $104,080.00. Also, CEO Christian L. Oberbeck acquired 5,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average cost of $14.85 per share, with a total value of $74,250.00. Following the completion of the purchase, the chief executive officer now directly owns 749,435 shares in the company, valued at $11,129,109.75. The disclosure for this purchase can be found here. Insiders have purchased 36,901 shares of company stock valued at $496,184 over the last ninety days. 20.90% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on the stock. Maxim Group reissued a “buy” rating and issued a $27.00 price objective on shares of Saratoga Investment in a research note on Tuesday, May 12th. Aegis reissued a “buy” rating and issued a $18.00 price objective (down from $28.00) on shares of Saratoga Investment in a research note on Tuesday, May 12th. B. Riley reduced their price objective on shares of Saratoga Investment from $27.50 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Zacks Investment Research cut shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, June 24th. Finally, Compass Point raised their target price on shares of Saratoga Investment from $15.00 to $16.50 and gave the company a “buy” rating in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Saratoga Investment presently has a consensus rating of “Hold” and a consensus price target of $21.08.

Saratoga Investment Company Profile

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 for Saratoga Investment (NYSE:SAR)

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