Analysts Expect Solar Senior Capital Ltd. (SUNS) to Announce $0.35 Earnings Per Share

Equities research analysts predict that Solar Senior Capital Ltd. (NASDAQ:SUNS) will announce $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Solar Senior Capital’s earnings. Solar Senior Capital also reported earnings of $0.35 per share in the same quarter last year. The business is expected to report its next earnings results 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 year. For the next fiscal year, analysts anticipate that the business will post earnings of $1.43 per share, with EPS estimates ranging from $1.40 to $1.45. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Solar Senior Capital.

Solar Senior Capital (NASDAQ:SUNS) last announced its 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 business had revenue of $7.97 million during the quarter, compared to analyst estimates of $7.82 million. Solar Senior Capital had a return on equity of 8.39% and a net margin of 76.43%.

A number of analysts have weighed in on the company. Zacks Investment Research downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th.

Shares of Solar Senior Capital (SUNS) traded down $0.03 during trading hours on Friday, reaching $17.92. The company had a trading volume of 30,600 shares, compared to its average volume of 51,792. The company has a market cap of $287.82, a price-to-earnings ratio of 12.82, a P/E/G ratio of 2.55 and a beta of 0.63. Solar Senior Capital has a twelve month low of $15.89 and a twelve month high of $18.46.

The firm also recently declared a monthly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 22nd were issued a dividend of $0.1175 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.41 dividend on an annualized basis and a yield of 7.87%. Solar Senior Capital’s payout ratio is currently 97.92%.

A number of institutional investors have recently modified their holdings of SUNS. JPMorgan Chase & Co. grew its stake in shares of Solar Senior Capital by 19.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 542,976 shares of the asset manager’s stock valued at $9,453,000 after buying an additional 87,062 shares during the period. Bank of Montreal Can grew its stake in shares of Solar Senior Capital by 2,438.2% in the 2nd quarter. Bank of Montreal Can now owns 73,912 shares of the asset manager’s stock valued at $1,237,000 after buying an additional 71,000 shares during the period. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Solar Senior Capital in the 2nd quarter valued at about $837,000. Summit Global Investments acquired a new stake in shares of Solar Senior Capital in the 2nd quarter valued at about $493,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Solar Senior Capital by 166.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 30,360 shares of the asset manager’s stock valued at $508,000 after buying an additional 18,968 shares during the period. Hedge funds and other institutional investors own 30.24% of the company’s stock.

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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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Earnings History and Estimates for Solar Senior Capital (NASDAQ:SUNS)

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