Equities analysts expect Saratoga Investment Corp (NYSE:SAR) to post earnings per share (EPS) of $0.59 for the current quarter, Zacks reports. Two analysts have made estimates for Saratoga Investment’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.60. Saratoga Investment posted earnings per share of $0.65 in the same quarter last year, which would indicate a negative year over year growth rate of 9.2%. The firm is scheduled to announce its next earnings report on Wednesday, January 8th.
On average, analysts expect that Saratoga Investment will report full-year earnings of $2.25 per share for the current year, with EPS estimates ranging from $2.21 to $2.29. For the next fiscal year, analysts forecast that the company will report earnings of $2.55 per share, with EPS estimates ranging from $2.42 to $2.64. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Saratoga Investment.
Saratoga Investment (NYSE:SAR) last issued its quarterly earnings data on Thursday, October 10th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.31. Saratoga Investment had a net margin of 51.00% and a return on equity of 10.48%. The firm had revenue of $13.89 million during the quarter, compared to analysts’ expectations of $12.68 million.
Several equities analysts have recently issued reports on the stock. B. Riley set a $26.00 price target on shares of Saratoga Investment and gave the company a “buy” rating in a report on Friday, October 11th. Maxim Group set a $27.00 price objective on Saratoga Investment and gave the stock a “buy” rating in a research note on Thursday, October 10th. Aegis assumed coverage on Saratoga Investment in a report on Thursday, August 29th. They set a “buy” rating and a $26.00 target price on the stock. Zacks Investment Research raised Saratoga Investment from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Finally, ValuEngine downgraded Saratoga Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.83.
SAR traded up $0.13 during mid-day trading on Friday, hitting $25.08. The stock had a trading volume of 772 shares, compared to its average volume of 106,804. The stock’s fifty day simple moving average is $25.18 and its 200-day simple moving average is $24.76. The firm has a market capitalization of $243.26 million, a price-to-earnings ratio of 9.54 and a beta of 0.66. Saratoga Investment has a 1-year low of $18.60 and a 1-year high of $26.39.
In related news, insider (Tony) Kiernan Anthony acquired 20,000 shares of the stock in a transaction dated Monday, November 25th. The stock was bought at an average price of $3.07 per share, with a total value of $61,360.00. 20.90% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SAR. Black Diamond Capital Management L.L.C. lifted its holdings in shares of Saratoga Investment by 2.2% during the second quarter. Black Diamond Capital Management L.L.C. now owns 830,530 shares of the financial services provider’s stock worth $20,506,000 after purchasing an additional 18,060 shares during the period. Millennium Management LLC purchased a new stake in shares of Saratoga Investment during the third quarter worth about $2,681,000. Virtus ETF Advisers LLC bought a new stake in shares of Saratoga Investment in the second quarter worth about $1,879,000. PFG Advisors grew its stake in shares of Saratoga Investment by 1.5% in the third quarter. PFG Advisors now owns 37,583 shares of the financial services provider’s stock worth $920,000 after purchasing an additional 549 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware increased its holdings in Saratoga Investment by 3.7% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 34,259 shares of the financial services provider’s stock valued at $846,000 after purchasing an additional 1,235 shares during the period. 19.64% of the stock is currently owned by institutional investors and hedge funds.
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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