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Saratoga Investment Corp (SAR)
NYSE:SAR
Earnings Data
Report Date
Jul 15, 2025TBA Not Confirmed
Period Ending
2026 (Q1)Consensus EPS Forecast
0.76Last Year’s EPS
1.05Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -7.94%
|Next Earnings Date:Jul 15, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with positive aspects like increased AUM, strong liquidity, and positive realized gains, but also highlighted challenges such as decreased net investment income, NAV decline, unrealized depreciation, and ongoing issues with certain portfolio companies.Company Guidance
During Saratoga Investment Corporation's fiscal year-end and fourth-quarter 2025 conference call, key guidance included several financial metrics and strategic moves. The company reported a transition to a monthly dividend structure, enhancing its quarterly base dividend to $0.25 per share per month, translating to an annualized first-quarter dividend yield of 12.1% based on a stock price of $24.86 as of May 6, 2025. The fourth quarter adjusted net investment income (NII) was $0.56 per share, with an adjusted NII of $0.69 per share after accounting for a $0.13 excise tax expense. The net asset value (NAV) at the quarter's end was reported at $392.7 million, up 6.1% from the previous year, and $329.7 million net asset value (NAV) at the quarter's end, up 6.1% year-over-year and 4.7% sequentially. The portfolio's fair value was 2.2% below cost, with a core non-CLO portfolio marked 1.6% above cost. The call also emphasized a $205 million cash reserve for potential future investments or debt repayment, and highlighted an increase of $45.5 million in originations post-quarter end, amidst a volatile macroeconomic environment.Increased AUM and Strong Dividend History
Saratoga Investment Corp reported an increase in AUM on a fair value basis following significant repayments. They also transitioned to a monthly dividend structure, increasing the quarterly base dividend by $0.01 per share to $0.25 per share per month, implying a 12.1% dividend yield based on the stock price.
Robust Liquidity Position
At quarter end, Saratoga maintained a substantial $428 million of investment capacity to support portfolio companies, with $136 million available through the SBIC III license, $87.5 million from revolving credit facilities, and $205 million in cash.
Strong Credit Quality
Overall credit quality remains steady with 99.7% of credits rated in the highest category. Only two investments are on non-accrual status, representing a minimal percentage of fair value and cost.
Positive Realized Gains
Three equity realizations generated $7.2 million of realized gains in Q4, continuing a trend of positive returns from equity investments.
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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
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SAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 07, 2025 | $24.68 | $22.72 | -7.94% |
| Jan 08, 2025 | $23.27 | $22.97 | -1.29% |
| Oct 08, 2024 | $21.44 | $22.58 | +5.32% |
| Jul 09, 2024 | $19.78 | $20.32 | +2.73% |
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.
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FAQ
When does Saratoga Investment Corp (SAR) report earnings?
Saratoga Investment Corp (SAR) is schdueled to report earning on Jul 15, 2025, TBA Not Confirmed.
What is Saratoga Investment Corp (SAR) earnings time?
Saratoga Investment Corp (SAR) earnings time is at Jul 15, 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 2026 (Q1) is 0.76.
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