Saratoga Investment Corp (SAR) Expected to Post Quarterly Sales of $11.86 Million

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Analysts forecast that Saratoga Investment Corp (NYSE:SAR) will report $11.86 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Saratoga Investment’s earnings. The highest sales estimate is $12.20 million and the lowest is $11.52 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 business is expected to report its next quarterly earnings report on Wednesday, January 9th.

According to Zacks, analysts expect that Saratoga Investment will report full year sales of $46.00 million for the current financial year, with estimates ranging from $45.23 million to $46.76 million. For the next year, analysts anticipate 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 sell-side research analysts that that provide coverage for Saratoga Investment.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings results on Thursday, October 11th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.18 million.

Several analysts have weighed in on the company. ValuEngine cut Saratoga Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st. LADENBURG THALM/SH SH raised Saratoga Investment from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 30th. Compass Point raised Saratoga Investment from a “neutral” rating to a “buy” rating in a research report on Monday, July 16th. National Securities reaffirmed a “neutral” rating and set a $24.00 price objective on shares of Saratoga Investment in a research report on Monday, October 15th. Finally, Zacks Investment Research cut Saratoga Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Saratoga Investment has a consensus rating of “Hold” and a consensus target price of $24.17.

Saratoga Investment stock traded down $0.27 during trading hours on Wednesday, hitting $21.52. 32,687 shares of the stock traded hands, compared to its average volume of 49,965. The stock has a market cap of $160.22 million, a price-to-earnings ratio of 9.48 and a beta of 0.26. Saratoga Investment has a one year low of $19.62 and a one year high of $28.30.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ahrens Investment Partners LLC raised its stake in Saratoga Investment by 31.3% during the 3rd 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 during the last quarter. Wells Fargo & Company MN raised its stake in Saratoga Investment by 61.2% during the 3rd 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 during the last quarter. Valeo Financial Advisors LLC raised its stake in Saratoga Investment by 110.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 5,720 shares of the financial services provider’s stock valued at $120,000 after buying an additional 3,000 shares during the last quarter. Weber Alan W purchased a new stake in Saratoga Investment during the 2nd quarter valued at $479,000. Finally, Mckinley Capital Management LLC Delaware raised its stake in Saratoga Investment by 9.8% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 14.32% of the company’s stock.

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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