$0.34 Earnings Per Share Expected for Solar Senior Capital Ltd. (SUNS) This Quarter
Wall Street analysts expect Solar Senior Capital Ltd. (NASDAQ:SUNS) to post earnings of $0.34 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Solar Senior Capital’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.35. Solar Senior Capital posted earnings of $0.37 per share in the same quarter last year, which suggests a negative year over year growth rate of 8.1%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Solar Senior Capital will report full year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.32 to $1.41. For the next financial year, analysts expect that the business will report earnings of $1.40 per share, with EPS estimates ranging from $1.38 to $1.41. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Solar Senior Capital.
Solar Senior Capital (NASDAQ:SUNS) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $7.66 million for the quarter, compared to analyst estimates of $8.24 million. Solar Senior Capital had a net margin of 76.07% and a return on equity of 7.98%.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Solar Senior Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub downgraded shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.17.
Several hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. grew its stake in shares of Solar Senior Capital by 0.4% in the second quarter. Wedbush Securities Inc. now owns 11,122 shares of the asset manager’s stock valued at $186,000 after acquiring an additional 48 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Solar Senior Capital by 1.4% in the second quarter. Advisor Group Inc. now owns 6,657 shares of the asset manager’s stock valued at $112,000 after acquiring an additional 95 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Solar Senior Capital by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 17,127 shares of the asset manager’s stock valued at $308,000 after acquiring an additional 388 shares in the last quarter. Menlo Advisors LLC grew its stake in shares of Solar Senior Capital by 5.4% in the second quarter. Menlo Advisors LLC now owns 20,590 shares of the asset manager’s stock valued at $344,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Solar Senior Capital by 4.7% in the first quarter. Wells Fargo & Company MN now owns 68,802 shares of the asset manager’s stock valued at $1,238,000 after acquiring an additional 3,086 shares in the last quarter. Institutional investors and hedge funds own 32.16% of the company’s stock.
Shares of Solar Senior Capital (NASDAQ SUNS) opened at 17.65 on Wednesday. The firm has a 50-day moving average of $17.04 and a 200 day moving average of $17.20. Solar Senior Capital has a 52-week low of $15.06 and a 52-week high of $18.46.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 1st. Investors of record on Thursday, October 19th will be paid a $0.1175 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a $1.41 annualized dividend and a dividend yield of 7.99%. Solar Senior Capital’s dividend payout ratio (DPR) is presently 94.63%.
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Solar Senior Capital Company Profile
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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