Saratoga Investment (NYSE:SAR) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 10th. Analysts expect Saratoga Investment to post earnings of $0.54 per share for the quarter.
Saratoga Investment (NYSE:SAR) last posted its earnings results on Wednesday, July 11th. The financial services provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. The company had revenue of $10.49 million for the quarter, compared to the consensus estimate of $9.79 million. Saratoga Investment had a return on equity of 10.52% and a net margin of 50.76%. 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 $23.72 on Tuesday. The firm has a market cap of $172.04 million, a price-to-earnings ratio of 10.36 and a beta of 0.12. Saratoga Investment has a one year low of $19.62 and a one year high of $28.30.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Stockholders of record on Monday, September 17th were given a $0.52 dividend. This is an increase from Saratoga Investment’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a dividend yield of 8.77%. The ex-dividend date was Friday, September 14th. Saratoga Investment’s dividend payout ratio is currently 91.63%.
SAR has been the topic of several recent research reports. National Securities restated a “neutral” rating and issued a $24.00 price objective on shares of Saratoga Investment in a research report on Thursday, August 23rd. Zacks Investment Research downgraded Saratoga Investment from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. ValuEngine downgraded Saratoga Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. LADENBURG THALM/SH SH downgraded Saratoga Investment from a “buy” rating to a “neutral” rating in a research report on Monday, July 16th. Finally, Compass Point upgraded Saratoga Investment from a “neutral” rating to a “buy” rating in a research report on Monday, July 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Saratoga Investment currently has a consensus rating of “Hold” and a consensus target price of $24.13.
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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