Saratoga Investment (SAR) Set to Announce Quarterly Earnings on Tuesday

Saratoga Investment (NYSE:SAR) will announce its earnings results after the market closes on Tuesday, October 8th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings data on Tuesday, July 9th. The financial services provider reported $1.05 earnings per share 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 analyst estimates of $36.52 million. Saratoga Investment had a net margin of 10.66% and a return on equity of 14.67%. 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 0.0 %

SAR opened at $23.17 on Tuesday. The firm’s fifty day moving average is $23.10 and its two-hundred day moving average is $23.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $318.49 million, a PE ratio of 19.15 and a beta of 1.32. Saratoga Investment has a twelve month low of $21.56 and a twelve month high of $27.00.

Saratoga Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Wednesday, September 11th were issued a $0.74 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $2.96 annualized dividend and a yield of 12.78%. Saratoga Investment’s dividend payout ratio (DPR) is presently 244.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SAR. Compass Point raised shares of Saratoga Investment from a “neutral” rating to a “buy” rating and set a $24.75 price objective for the company in a research report on Thursday, July 11th. B. Riley reissued a “neutral” rating and set a $25.00 price objective on shares of Saratoga Investment in a research report on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.94.

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.