SLR Investment (SLRC) Scheduled to Post Quarterly Earnings on Wednesday

SLR Investment (NASDAQ:SLRC) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. SLR Investment had a return on equity of 9.65% and a net margin of 42.99%. The company had revenue of $58.98 million during the quarter, compared to the consensus estimate of $58.23 million. During the same period in the previous year, the business earned $0.42 EPS. On average, analysts expect SLR Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SLR Investment Trading Down 1.3 %

Shares of SLR Investment stock opened at $15.08 on Tuesday. The company has a fifty day simple moving average of $15.32 and a 200-day simple moving average of $15.66. SLR Investment has a 12-month low of $14.41 and a 12-month high of $16.77. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.16. The stock has a market cap of $822.69 million, a price-to-earnings ratio of 8.10 and a beta of 1.12.

SLR Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date was Friday, September 13th. SLR Investment’s dividend payout ratio is currently 88.17%.

Analysts Set New Price Targets

Several analysts have commented on SLRC shares. JPMorgan Chase & Co. downgraded SLR Investment from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $15.50 to $15.00 in a research note on Monday, July 29th. StockNews.com initiated coverage on shares of SLR Investment in a research note on Tuesday, July 23rd. They set a “hold” rating on the stock. Finally, Wells Fargo & Company lowered their target price on shares of SLR Investment from $13.00 to $12.50 and set an “underweight” rating on the stock in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.13.

SLR Investment Company Profile

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.