Wall Street brokerages expect Saratoga Investment Corp (NYSE:SAR) to report earnings of $0.59 per share for the current quarter, according to Zacks. Two analysts have made estimates for Saratoga Investment’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.60. Saratoga Investment reported earnings per share of $0.65 in the same quarter last year, which would suggest a negative year over year growth rate of 9.2%. The firm is expected to issue its next quarterly earnings results on Wednesday, January 8th.
On average, analysts expect that Saratoga Investment will report full year earnings of $2.25 per share for the current fiscal year, with EPS estimates ranging from $2.21 to $2.29. For the next financial year, analysts expect that the company will post earnings of $2.55 per share, with EPS estimates ranging from $2.42 to $2.64. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Saratoga Investment.
Saratoga Investment (NYSE:SAR) last released its earnings results on Thursday, October 10th. The financial services provider reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.31. The company had revenue of $13.89 million for the quarter, compared to the consensus estimate of $12.68 million. Saratoga Investment had a return on equity of 10.48% and a net margin of 51.00%.
Several equities research analysts recently weighed in on SAR shares. Zacks Investment Research upgraded shares of Saratoga Investment from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. B. Riley set a $26.00 price objective on shares of Saratoga Investment and gave the stock a “buy” rating in a research note on Friday, October 11th. Aegis assumed coverage on shares of Saratoga Investment in a report on Thursday, August 29th. They issued a “buy” rating and a $26.00 target price on the stock. ValuEngine cut shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Maxim Group set a $27.00 price target on Saratoga Investment and gave the stock a “buy” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.83.
In other news, insider (Tony) Kiernan Anthony bought 20,000 shares of Saratoga Investment stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of $3.07 per share, with a total value of $61,360.00. Insiders own 20.90% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of SAR. PFG Advisors boosted its position in Saratoga Investment by 1.5% in the 3rd quarter. PFG Advisors now owns 37,583 shares of the financial services provider’s stock valued at $920,000 after buying an additional 549 shares during the period. First Republic Investment Management Inc. increased its position in shares of Saratoga Investment by 2.2% during the second quarter. First Republic Investment Management Inc. now owns 27,597 shares of the financial services provider’s stock worth $681,000 after acquiring an additional 597 shares during the period. North Star Investment Management Corp. purchased a new position in shares of Saratoga Investment during the third quarter worth approximately $27,000. Mckinley Capital Management LLC Delaware raised its stake in shares of Saratoga Investment by 3.7% during the second quarter. Mckinley Capital Management LLC Delaware now owns 34,259 shares of the financial services provider’s stock valued at $846,000 after acquiring an additional 1,235 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Saratoga Investment by 54.9% during the second quarter. Morgan Stanley now owns 3,870 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 1,372 shares in the last quarter. Institutional investors own 19.64% of the company’s stock.
NYSE:SAR traded up $0.13 during trading hours on Friday, reaching $25.08. The stock had a trading volume of 772 shares, compared to its average volume of 106,804. The stock has a market capitalization of $243.26 million, a PE ratio of 9.54 and a beta of 0.66. Saratoga Investment has a 52 week low of $18.60 and a 52 week high of $26.39. The company has a 50 day moving average price of $25.18 and a two-hundred day moving average price of $24.76.
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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