Analysts expect that Saratoga Investment Corp (NYSE:SAR) will post earnings per share of $0.60 for the current quarter, Zacks reports. Two analysts have provided estimates for Saratoga Investment’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.62. Saratoga Investment posted earnings of $0.69 per share during the same quarter last year, which would suggest a negative year over year growth rate of 13%. The firm is expected to issue its next earnings report on Wednesday, October 9th.

According to Zacks, analysts expect that Saratoga Investment will report full-year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.52. For the next financial year, analysts forecast that the firm will report earnings of $2.51 per share, with EPS estimates ranging from $2.27 to $2.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Saratoga Investment.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings results on Wednesday, July 10th. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. Saratoga Investment had a return on equity of 10.75% and a net margin of 44.66%. The business had revenue of $12.75 million for the quarter, compared to analyst estimates of $12.21 million.

Several equities analysts have recently commented on SAR shares. Maxim Group reaffirmed a “buy” rating and issued a $27.00 price target on shares of Saratoga Investment in a research note on Friday, July 12th. LADENBURG THALM/SH SH lowered Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.00 price target on the stock. in a research note on Friday, May 10th. They noted that the move was a valuation call. National Securities reaffirmed a “neutral” rating and issued a $24.00 price target on shares of Saratoga Investment in a research note on Friday, May 17th. Finally, Zacks Investment Research lowered Saratoga Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Saratoga Investment presently has an average rating of “Hold” and a consensus price target of $25.75.

Institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. purchased a new stake in Saratoga Investment during the 1st quarter worth about $25,000. Macquarie Group Ltd. increased its holdings in Saratoga Investment by 68.8% during the 4th quarter. Macquarie Group Ltd. now owns 1,939 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 790 shares during the period. NEXT Financial Group Inc purchased a new stake in Saratoga Investment during the 2nd quarter worth about $49,000. Morgan Stanley increased its holdings in Saratoga Investment by 54.9% during the 2nd quarter. Morgan Stanley now owns 3,870 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 1,372 shares during the period. Finally, Advisors Asset Management Inc. purchased a new stake in Saratoga Investment during the 1st quarter worth about $198,000. 14.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Saratoga Investment stock traded down $0.34 during trading hours on Wednesday, hitting $24.06. The company’s stock had a trading volume of 65,905 shares, compared to its average volume of 46,792. Saratoga Investment has a twelve month low of $18.60 and a twelve month high of $25.78. The company’s fifty day simple moving average is $24.65. The company has a market cap of $210.42 million, a PE ratio of 9.15 and a beta of 0.64.

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

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