Solar Senior Capital Ltd. (SUNS) Set to Announce Earnings on Tuesday
Solar Senior Capital Ltd. (NASDAQ:SUNS) will be releasing its earnings data after the market closes on Tuesday, October 31st. Analysts expect Solar Senior Capital to post earnings of $0.33 per share for the quarter.
Solar Senior Capital (NASDAQ:SUNS) last released its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Solar Senior Capital had a net margin of 76.07% and a return on equity of 7.98%. The business had revenue of $7.66 million for the quarter, compared to analysts’ expectations of $8.24 million. On average, analysts expect Solar Senior Capital to post $1.36 EPS for the current fiscal year and $1.39 EPS for the next fiscal year.
Solar Senior Capital Ltd. (NASDAQ:SUNS) opened at 17.61 on Tuesday. Solar Senior Capital Ltd. has a 12-month low of $15.06 and a 12-month high of $18.46. The company’s 50-day moving average is $17.02 and its 200 day moving average is $17.21.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Thursday, October 19th will be paid a dividend of $0.1175 per share. The ex-dividend date is Wednesday, October 18th. This represents a $1.41 dividend on an annualized basis and a yield of 8.01%. Solar Senior Capital’s dividend payout ratio is currently 94.63%.
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A number of analysts have weighed in on SUNS shares. Zacks Investment Research lowered shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BidaskClub upgraded shares of Solar Senior Capital from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.17.
About Solar Senior Capital
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans.
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