Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Saratoga Investment (SAR)
:SAR
Holding SAR?
Track your performance easily
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.7Last Year’s EPS
0.94Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Jan 09, 2019
|% Change Since: 1.63%
|Next Earnings Date:Oct 10, 2018
Earnings Call Sentiment|Neutral
While Saratoga Investment Corp. demonstrated strong portfolio quality and cash position, challenges related to decreased adjusted NII, markdowns, and high leverage levels were also evident. The company continues to over-earn dividends and successfully exit investments, but recent total returns were below the industry average.Company Guidance
During the Q3 2025 earnings call for Saratoga Investment Corp. (SAR), key guidance metrics were outlined by the executive team. The company reported an adjusted net investment income (NII) of $12.4 million, which was a decrease of 5.3% from the previous year and a notable 31.7% drop from the last quarter. The adjusted NII per share stood at $0.90, reflecting a decline from $1.01 the previous year and $1.33 last quarter. Despite these decreases, the company maintained an adjusted NII yield of 13.3%. The return on equity for the latest 12 months improved to 9.2%, surpassing the industry average of 8.5%. The net asset value (NAV) per share was reported at $26.95, slightly down from $27.42 last year. The company highlighted a total portfolio fair value of $960 million, with an effective leverage of 183.2% net leverage. Additionally, the dividend yield was stated at 12.2%, based on a stock price of $24.21. The call also noted the deployment of $85 million in new and follow-on investments, while repayments totaled $160 million, leading to a strong cash position of $250 million.Increase in Total NAV and Steady NAV Per Share
Total NAV increased this quarter to $374.9 million from $372.1 million last quarter, with NAV per share remaining steady at $26.95.
Strong Portfolio Quality and High First Lien Debt
86.8% of the portfolio is in first lien debt, with the overall core non-CLO portfolio performing 3% above cost.
Over-Earning of Dividends
Substantial over-earning of the dividend continues, supporting the current dividend level and increasing NAV.
Successful Investment Exits
Recognition of a $4.8 million realized gain from the Invita investment, supporting strong returns.
Strong Cash Position
Quarter-end cash position grew to $250 million, improving effective leverage from 160.1% to 183.2% net leverage.
---
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 |
|---|---|---|---|
| Jan 08, 2025 | $24.50 | $24.18 | -1.31% |
| Oct 08, 2024 | $22.57 | $23.77 | +5.32% |
| Jul 09, 2024 | $20.83 | $21.39 | +2.69% |
| May 06, 2024 | $21.32 | $21.10 | -1.03% |
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 May 07, 2025, TBA Not Confirmed.
What is Saratoga Investment (SAR) earnings time?
Saratoga Investment (SAR) earnings time is at May 07, 2025, TBA Not 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 2025 (Q4) is 0.7.
---