$8.74 Million in Sales Expected for Solar Senior Capital Ltd. (SUNS) This Quarter
Wall Street brokerages predict that Solar Senior Capital Ltd. (NASDAQ:SUNS) will report $8.74 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Solar Senior Capital’s earnings, with the highest sales estimate coming in at $9.20 million and the lowest estimate coming in at $8.28 million. Solar Senior Capital reported sales of $7.16 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that Solar Senior Capital will report full year sales of $8.74 million for the current financial year, with estimates ranging from $31.00 million to $32.30 million. For the next year, analysts anticipate that the business will post sales of $41.40 million per share, with estimates ranging from $40.80 million to $42.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Solar Senior Capital.
Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company had revenue of $7.97 million during the quarter, compared to analyst estimates of $7.82 million. Solar Senior Capital had a net margin of 76.43% and a return on equity of 8.39%.
Shares of Solar Senior Capital (SUNS) opened at $17.95 on Tuesday. The firm has a market cap of $284.29, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.51 and a beta of 0.63. Solar Senior Capital has a 12 month low of $15.89 and a 12 month high of $18.46.
The business also recently announced a monthly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 22nd were issued a $0.1175 dividend. This represents a $1.41 annualized dividend and a dividend yield of 7.86%. The ex-dividend date was Tuesday, November 21st. Solar Senior Capital’s dividend payout ratio (DPR) is presently 97.92%.
Hedge funds have recently bought and sold shares of the business. Advisor Group Inc. boosted its stake in shares of Solar Senior Capital by 1.4% during the second quarter. Advisor Group Inc. now owns 6,657 shares of the asset manager’s stock valued at $112,000 after purchasing an additional 95 shares during the period. Wedbush Securities Inc. lifted its holdings in Solar Senior Capital by 0.4% in the 2nd quarter. Wedbush Securities Inc. now owns 11,122 shares of the asset manager’s stock valued at $186,000 after purchasing an additional 48 shares in the last quarter. Cetera Investment Advisers purchased a new position in Solar Senior Capital in the 2nd quarter valued at $241,000. Goldman Sachs Group Inc. lifted its holdings in Solar Senior Capital by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 17,127 shares of the asset manager’s stock valued at $308,000 after purchasing an additional 388 shares in the last quarter. Finally, Summit Global Investments purchased a new position in Solar Senior Capital in the 2nd quarter valued at $493,000. Institutional investors and hedge funds own 30.24% of the company’s stock.
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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