Analysts expect Solar Capital Ltd. (NASDAQ:SLRC) to post earnings per share of $0.44 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Solar Capital’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.43. Solar Capital also posted earnings of $0.44 per share during the same quarter last year. The firm is scheduled to announce its next earnings report on Thursday, February 20th.
According to Zacks, analysts expect that Solar Capital will report full-year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.76. For the next financial year, analysts expect that the business will report earnings of $1.77 per share, with EPS estimates ranging from $1.75 to $1.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Solar Capital.
Solar Capital (NASDAQ:SLRC) last released its quarterly earnings results on Monday, November 4th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $39.71 million during the quarter, compared to the consensus estimate of $39.33 million. Solar Capital had a return on equity of 7.97% and a net margin of 43.03%.
Several large investors have recently added to or reduced their stakes in SLRC. Arlington Partners LLC acquired a new position in Solar Capital in the 2nd quarter valued at about $38,000. Commonwealth Equity Services LLC raised its stake in Solar Capital by 81.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 31,731 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 14,273 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Solar Capital by 0.9% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 92,649 shares of the financial services provider’s stock valued at $1,882,000 after purchasing an additional 785 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Solar Capital in the 2nd quarter valued at about $209,000. Finally, Advisor Group Inc. raised its stake in Solar Capital by 26.2% in the 2nd quarter. Advisor Group Inc. now owns 8,535 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 1,772 shares during the last quarter. 57.88% of the stock is owned by institutional investors and hedge funds.
NASDAQ:SLRC opened at $20.48 on Wednesday. The company has a market capitalization of $875.22 million, a PE ratio of 11.57, a price-to-earnings-growth ratio of 3.94 and a beta of 0.69. The company has a quick ratio of 0.96, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. Solar Capital has a 52-week low of $18.45 and a 52-week high of $21.83. The stock has a fifty day simple moving average of $20.47 and a 200-day simple moving average of $20.67.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 8.01%. The ex-dividend date is Wednesday, December 18th. Solar Capital’s dividend payout ratio (DPR) is presently 92.66%.
Solar Capital Company Profile
Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate sctivities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities.
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