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

Saratoga Investment (NYSE:SAR) will announce its earnings results after the market closes on Wednesday, October 10th. Analysts expect the company to announce earnings of $0.54 per share for the quarter.

Saratoga Investment (NYSE:SAR) last released its earnings results on Wednesday, July 11th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. Saratoga Investment had a return on equity of 10.52% and a net margin of 50.76%. The business had revenue of $10.49 million for the quarter, compared to analyst estimates of $9.79 million. On average, analysts expect Saratoga Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of SAR stock opened at $23.72 on Tuesday. Saratoga Investment has a 1-year low of $19.62 and a 1-year high of $28.30. The firm has a market cap of $172.04 million, a P/E ratio of 10.36 and a beta of 0.12.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Monday, September 17th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 8.77%. The ex-dividend date was Friday, September 14th. This is a positive change from Saratoga Investment’s previous quarterly dividend of $0.51. Saratoga Investment’s dividend payout ratio is currently 91.63%.

A number of research analysts recently weighed in on SAR shares. Compass Point raised Saratoga Investment from a “neutral” rating to a “buy” rating in a report on Monday, July 16th. National Securities reaffirmed a “neutral” rating and set a $24.00 price objective on shares of Saratoga Investment in a report on Thursday, July 12th. ValuEngine raised Saratoga Investment from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research lowered Saratoga Investment from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. Finally, LADENBURG THALM/SH SH lowered Saratoga Investment from a “buy” rating to a “neutral” rating in a report on Monday, July 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average 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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Earnings History for Saratoga Investment (NYSE:SAR)

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