Solar Senior Capital Ltd. (SUNS) Expected to Announce Earnings of $0.35 Per Share
Equities analysts expect Solar Senior Capital Ltd. (NASDAQ:SUNS) to post $0.35 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Solar Senior Capital’s earnings. Solar Senior Capital also posted earnings per share of $0.35 during the same quarter last year. The company is expected to announce its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that Solar Senior Capital will report full year earnings of $1.41 per share for the current financial year. For the next year, analysts forecast that the company will report earnings of $1.43 per share, with EPS estimates ranging from $1.40 to $1.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Solar Senior Capital.
Solar Senior Capital (NASDAQ:SUNS) last released its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $7.97 million for the quarter, compared to the consensus estimate of $7.82 million. Solar Senior Capital had a net margin of 76.43% and a return on equity of 8.39%.
Large investors have recently bought and sold shares of the company. Advisor Group Inc. raised its position 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 buying an additional 95 shares during the last quarter. Wedbush Securities Inc. increased its position in Solar Senior Capital by 0.4% during the second quarter. Wedbush Securities Inc. now owns 11,122 shares of the asset manager’s stock worth $186,000 after purchasing an additional 48 shares during the last quarter. Cetera Investment Advisers acquired a new position in Solar Senior Capital during the second quarter worth approximately $241,000. Goldman Sachs Group Inc. increased its position in Solar Senior Capital by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 17,127 shares of the asset manager’s stock worth $308,000 after purchasing an additional 388 shares during the last quarter. Finally, Summit Global Investments acquired a new position in Solar Senior Capital during the second quarter worth approximately $493,000. 30.24% of the stock is owned by institutional investors and hedge funds.
Shares of Solar Senior Capital (NASDAQ SUNS) opened at $17.73 on Friday. The company has a market cap of $284.29, a PE ratio of 12.71, a P/E/G ratio of 2.52 and a beta of 0.63. Solar Senior Capital has a fifty-two week low of $15.89 and a fifty-two week high of $18.46.
The company also recently disclosed a monthly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 22nd were given a $0.1175 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date was Tuesday, November 21st. Solar Senior Capital’s dividend payout ratio is presently 97.92%.
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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