Equities analysts predict that Solar Capital Ltd. (NASDAQ:SLRC) will post earnings of $0.44 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Solar Capital’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.43. Solar Capital posted earnings per share of $0.45 in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.2%. The company is expected to report its next quarterly earnings report after the market closes on Monday, August 5th.

On average, analysts expect that Solar Capital will report full-year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.75 to $1.82. For the next year, analysts anticipate that the firm will report earnings of $1.86 per share, with EPS estimates ranging from $1.80 to $1.93. Zacks’ EPS calculations are an average based on a survey of research firms that follow Solar Capital.

Solar Capital (NASDAQ:SLRC) last announced its earnings results on Monday, May 6th. The financial services provider reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $39.26 million for the quarter, compared to the consensus estimate of $40.30 million. Solar Capital had a net margin of 46.58% and a return on equity of 8.05%.

SLRC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. National Securities reaffirmed a “buy” rating on shares of Model N in a research note on Wednesday, May 8th. BidaskClub downgraded shares of Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 13th. Finally, Raymond James initiated coverage on shares of Solar Capital in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $22.50 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.70.

Hedge funds have recently bought and sold shares of the business. Arlington Partners LLC purchased a new position in shares of Solar Capital during the second quarter worth approximately $38,000. PNC Financial Services Group Inc. purchased a new position in shares of Solar Capital in the first quarter worth $42,000. Pecaut & CO. purchased a new position in shares of Solar Capital in the first quarter worth $221,000. Glassman Wealth Services purchased a new position in shares of Solar Capital in the first quarter worth $165,000. Finally, Cetera Advisors LLC purchased a new position in shares of Solar Capital in the first quarter worth $208,000. 58.10% of the stock is currently owned by hedge funds and other institutional investors.

SLRC traded down $0.07 on Monday, reaching $20.37. The company had a trading volume of 71,622 shares, compared to its average volume of 81,422. The business has a 50 day moving average of $20.58. The stock has a market capitalization of $863.81 million, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 3.82 and a beta of 0.71. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.07 and a current ratio of 1.07. Solar Capital has a 52-week low of $18.45 and a 52-week high of $22.00.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Thursday, June 20th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 8.05%. The ex-dividend date was Wednesday, June 19th. Solar Capital’s dividend payout ratio (DPR) is presently 92.66%.

About Solar Capital

Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate sctivities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities.

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