Saratoga Investment (SAR) Scheduled to Post Earnings on Tuesday

Saratoga Investment (NYSE:SAR) will be posting its quarterly earnings results after the market closes on Tuesday, October 8th. Analysts expect Saratoga Investment to post earnings of $0.94 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Saratoga Investment (NYSE:SAR) last posted its quarterly earnings data on Tuesday, July 9th. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. Saratoga Investment had a net margin of 10.66% and a return on equity of 14.67%. The company had revenue of $38.68 million during the quarter, compared to analysts’ expectations of $36.52 million. 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 Up 0.3 %

Shares of NYSE SAR opened at $23.24 on Monday. The firm has a market cap of $319.46 million, a price-to-earnings ratio of 19.21 and a beta of 1.32. Saratoga Investment has a 1 year low of $21.56 and a 1 year 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 stock’s 50-day simple moving average is $23.09 and its 200-day simple moving average is $23.18.

Saratoga Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Wednesday, September 11th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 12.74%. The ex-dividend date was Wednesday, September 11th. Saratoga Investment’s payout ratio is 244.63%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SAR. Compass Point raised shares of Saratoga Investment from a “neutral” rating to a “buy” rating and set a $24.75 price target for the company in a research report on Thursday, July 11th. B. Riley reaffirmed a “neutral” rating and set a $25.00 price target on shares of Saratoga Investment in a research report on Thursday, July 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.94.

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.