Saratoga Investment (SAR) to Release Quarterly Earnings on Tuesday

Saratoga Investment (NYSE:SAR) is scheduled to be announcing its earnings results after the market closes on Tuesday, July 9th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.02). Saratoga Investment had a net margin of 6.22% and a return on equity of 14.53%. The company had revenue of $37.23 million for the quarter, compared to analysts’ expectations of $36.59 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 Price Performance

Shares of NYSE SAR opened at $22.52 on Tuesday. Saratoga Investment has a 1 year low of $22.35 and a 1 year high of $27.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.07 and a quick ratio of 0.07. The company’s 50-day moving average is $23.42 and its 200 day moving average is $23.60. The stock has a market capitalization of $308.52 million, a P/E ratio of 31.72 and a beta of 1.31.

Saratoga Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were given a dividend of $0.74 per share. The ex-dividend date was Thursday, June 13th. This represents a $2.96 annualized dividend and a dividend yield of 13.14%. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.73. Saratoga Investment’s payout ratio is currently 416.91%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SAR shares. StockNews.com upgraded shares of Saratoga Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Oppenheimer lowered shares of Saratoga Investment from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $24.00 to $23.00 in a research note on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.69.

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.