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Earnings Data
Report Date
Oct 13, 2026After Close (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
0.52Last Year’s EPS
0.58Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced/Neutral. The call highlighted meaningful positives — AUM growth to $1.126B, robust deal flow and net originations, substantial liquidity ($197M), low nonaccruals (1.2% of cost), and ROE and total returns that outperform the BDC industry. However, material near‑term earnings and valuation pressures were also disclosed: adjusted NII declined significantly (‑25.1% YoY), NAV and NAV per share fell sequentially (NAV down 4.5%), the portfolio incurred $15.2M of markdowns including a full write‑off of Pepper Palace, and originations faced ~50 bps tighter spreads versus repaid assets. Management emphasizes disciplined underwriting, strong liquidity, and a path to close the dividend coverage gap, but the near‑term metrics show clear headwinds requiring monitoring.Company Guidance
Assets Under Management Growth
AUM grew 1.6% during the quarter to an almost‑record $1.126 billion, driven by originations outpacing repayments and continued long‑term AUM growth since management took over the BDC.
Net Originations and Deal Activity
Net positive originations of $31 million in the quarter (from $79.2 million of new originations: 2 new platform investments + 10 follow‑ons + $11 million BB/BBB CLO debt). Post‑quarter activity included $47 million of follow‑ons closed offset by $31 million of repayments.
Strong Liquidity / Dry Powder
Available investment capacity of $197 million at quarter end (approximately $61 million cash, $46 million undrawn SBA debentures, $90 million from revolvers), providing flexibility to grow assets by ~17% without external financing.
Outperformance on Return on Equity and Total Return
Latest 12‑month return on equity of 4.0%, above the BDC industry average of 2.4%. Long‑term average ROE of 10.1% (vs industry 6.7%). Last 12‑month total return of 6.0% materially outperformed the BDC index (‑13%), placing Saratoga in the top 5 BDCs over the last 12 months.
Conservative Portfolio Composition and Credit Metrics
Portfolio diversified across 50 companies and 44 industries with 81.7% in first‑lien debt and a reported non‑accrual rate of 1.2% of cost (2 investments) — more than 3x lower than the industry average of 3.7% — indicating relative credit strength.
NIM and Core Asset Growth
Core BDC net interest income increased to $13.4 million from $13.0 million quarter‑over‑quarter, driven by a 4.8% increase in average core assets; core BDC yield remained ~10.5% this quarter.
Selective Markups and Structured Finance Performance
JV and BB/BBB CLO debt portfolio were marked up by $3.2 million in the quarter, demonstrating pockets of portfolio improvement despite broader markdowns.
Dividend Policy and Shareholder Yield
Declared/maintained quarterly dividend of $0.75 ($0.25 monthly), which when annualized represented a ~14% yield based on the $21.42 stock price (07/06/2026); Board continues quarterly evaluation of dividend level.
SAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jul 07, 2026 | $20.93 | $17.98 | -14.09% |
May 05, 2026 | $22.70 | $22.00 | -3.10% |
Jan 07, 2026 | $21.16 | $21.49 | +1.55% |
Oct 07, 2025 | $20.94 | $19.95 | -4.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Saratoga Investment (SAR) report earnings?
Saratoga Investment (SAR) is schdueled to report earning on Oct 13, 2026, After Close (Confirmed).
What is Saratoga Investment (SAR) earnings time?
Saratoga Investment (SAR) earnings time is at Oct 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SAR EPS forecast?
SAR EPS forecast for the fiscal quarter 2027 (Q2) is 0.52.