Saratoga Investment (SAR) Set to Announce Earnings on Tuesday

by · The Cerbat Gem

Saratoga Investment (NYSE:SAR – Get Free Report) is set to release its earnings data after the market closes on Tuesday, October 8th. Analysts expect Saratoga Investment to post earnings of $0.94 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Saratoga Investment (NYSE:SAR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 9th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.08. The business had revenue of $38.68 million for the quarter, compared to the consensus estimate of $36.52 million. Saratoga Investment had a return on equity of 14.67% and a net margin of 10.66%. On average, analysts expect Saratoga Investment to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Saratoga Investment Trading Up 0.3 %

Saratoga Investment stock opened at $23.24 on Monday. The stock has a 50-day moving average price of $23.09 and a 200 day moving average price of $23.18. Saratoga Investment has a 52 week low of $21.56 and a 52 week high of $27.00. The stock has a market cap of $319.46 million, a PE ratio of 19.21 and a beta of 1.32. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.09.

Saratoga Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Wednesday, September 11th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 12.74%. The ex-dividend date was Wednesday, September 11th. Saratoga Investment’s dividend payout ratio is presently 244.63%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. B. Riley restated a “neutral” rating and set a $25.00 target price on shares of Saratoga Investment in a research report on Thursday, July 11th. Compass Point upgraded Saratoga Investment from a “neutral” rating to a “buy” rating and set a $24.75 price objective on the stock in a report on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Saratoga Investment has a consensus rating of “Hold” and a consensus target price of $24.94.

View Our Latest Stock Analysis on SAR

Saratoga Investment Company Profile

(Get Free Report)

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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