Solar Senior Capital Ltd. (NASDAQ:SUNS) will be announcing its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.33 per share for the quarter.
Solar Senior Capital (NASDAQ:SUNS) last announced its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Solar Senior Capital had a return on equity of 7.98% and a net margin of 76.07%. The firm had revenue of $7.66 million during the quarter, compared to the consensus estimate of $8.24 million. On average, analysts expect Solar Senior Capital to post $1.36 EPS for the current fiscal year and $1.39 EPS for the next fiscal year.
Shares of Solar Senior Capital Ltd. (NASDAQ SUNS) opened at 17.61 on Friday. The company has a 50-day moving average price of $17.15 and a 200 day moving average price of $17.21. Solar Senior Capital Ltd. has a one year low of $15.06 and a one year high of $18.46.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Thursday, October 19th will be issued a dividend of $0.1175 per share. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 8.01%. Solar Senior Capital’s dividend payout ratio is currently 94.63%.
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A number of research analysts have recently weighed in on the stock. BidaskClub downgraded shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.17.
Solar Senior Capital Company Profile
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans.
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