Zacks: Brokerages Anticipate Saratoga Investment Corp (SAR) Will Announce Quarterly Sales of $11.86 Million

Brokerages expect that Saratoga Investment Corp (NYSE:SAR) will report sales of $11.86 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Saratoga Investment’s earnings, with the lowest sales estimate coming in at $11.52 million and the highest estimate coming in at $12.20 million. Saratoga Investment posted sales of $9.53 million during the same quarter last year, which would indicate a positive year over year growth rate of 24.4%. The company is expected to issue its next quarterly earnings results on Wednesday, January 9th.

On average, analysts expect that Saratoga Investment will report full-year sales of $46.00 million for the current fiscal year, with estimates ranging from $45.23 million to $46.76 million. For the next year, analysts forecast that the firm will post sales of $51.92 million, with estimates ranging from $47.85 million to $55.98 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Saratoga Investment.

Saratoga Investment (NYSE:SAR) last issued its quarterly earnings results on Thursday, October 11th. The financial services provider reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.09). Saratoga Investment had a net margin of 40.39% and a return on equity of 10.55%. The business had revenue of $11.40 million during the quarter, compared to analyst estimates of $10.18 million.

A number of brokerages have weighed in on SAR. ValuEngine downgraded shares of Saratoga Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 31st. LADENBURG THALM/SH SH raised shares of Saratoga Investment from a “neutral” rating to a “buy” rating in a report on Tuesday, October 30th. Compass Point raised shares of Saratoga Investment from a “neutral” rating to a “buy” rating in a report on Monday, July 16th. National Securities reissued a “neutral” rating and issued a $24.00 price target on shares of Saratoga Investment in a report on Monday, October 15th. Finally, Zacks Investment Research downgraded shares of Saratoga Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.17.

A number of hedge funds have recently bought and sold shares of the business. Mckinley Capital Management LLC Delaware lifted its stake in Saratoga Investment by 9.8% during the second quarter. Mckinley Capital Management LLC Delaware now owns 34,711 shares of the financial services provider’s stock valued at $961,000 after buying an additional 3,086 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Saratoga Investment by 61.2% during the third quarter. Wells Fargo & Company MN now owns 31,403 shares of the financial services provider’s stock valued at $724,000 after buying an additional 11,922 shares in the last quarter. Legal & General Group Plc lifted its stake in Saratoga Investment by 21.8% during the first quarter. Legal & General Group Plc now owns 21,539 shares of the financial services provider’s stock valued at $450,000 after buying an additional 3,862 shares in the last quarter. Weber Alan W purchased a new stake in Saratoga Investment during the second quarter valued at about $479,000. Finally, Ahrens Investment Partners LLC lifted its stake in Saratoga Investment by 31.3% during the third quarter. Ahrens Investment Partners LLC now owns 10,900 shares of the financial services provider’s stock valued at $252,000 after buying an additional 2,600 shares in the last quarter. 14.32% of the stock is owned by institutional investors.

NYSE SAR traded down $0.27 on Wednesday, reaching $21.52. The company’s stock had a trading volume of 32,687 shares, compared to its average volume of 49,965. Saratoga Investment has a twelve month low of $19.62 and a twelve month high of $28.30. The company has a market capitalization of $160.22 million, a price-to-earnings ratio of 9.48 and a beta of 0.26.

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.

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Earnings History and Estimates for Saratoga Investment (NYSE:SAR)

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