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

Saratoga Investment (NYSE:SAR) is scheduled to 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 are interested in participating in the company’s conference call can do so using this link.

Saratoga Investment (NYSE:SAR) last posted its earnings results on Tuesday, July 9th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.08. The company had revenue of $38.68 million during the quarter, compared to analysts’ expectations 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 Stock Performance

NYSE SAR opened at $23.17 on Tuesday. Saratoga Investment has a 52-week low of $21.56 and a 52-week high of $27.00. 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 50-day moving average of $23.10 and a 200-day moving average of $23.17. The stock has a market cap of $318.49 million, a PE ratio of 19.15 and a beta of 1.32.

Saratoga Investment Dividend Announcement

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

Wall Street Analyst Weigh In

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