Home Earnings Saratoga Investment Corp. Earnings Preview: What to Expect From Earnings

Saratoga Investment Corp. [SAR] Earnings Preview: What to Expect From Earnings

Saratoga Investment Corp. [NYSE:SAR] will report earnings after markets close on Wednesday, January ‎‎6th.

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SAR Earnings Forecast For The Current Quarter

Saratoga Investment Corp. [SAR] is ‎expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates ‎give the company expected revenues of $13.47M and an earnings per share of $0.47 for Nov 2020. ‎Looking further ahead, the company is expected to report revenue of $13.91M at an EPS of $0.49 for ‎Feb 2021. The estimates represent 9.70% and 135.45% in the company’s revenue and earnings per ‎share, respectively, on a year-on-year basis.

SAR Earnings Estimates For The Current ‎Year

For the financial year, Saratoga Investment Corp. [NYSE:SAR] is expected to bring in ‎revenue of $54.53M. The returns are nearly $-3.92 million lower than the company’s actual revenue ‎recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.88, lower than that of ‎FY20 by -$5.1. Estimates put this year’s earnings growth at -85.30%, 135.20% for the next. As for sales, ‎forecasts are for a decrease of -6.70% in the current fiscal year and a further 9.70% over the following ‎year.

SAR Price Performance

On Wall Street, Saratoga Investment Corp. [NYSE:SAR] finished ‎Monday’s session down -2.01% at $20.43. The stock went up to $21.08 at the same session while its ‎lowest single day price was $20.20. In the last five days, it saw a fall of about -1.40%, Saratoga ‎Investment Corp. shares dropped by almost -2.01% since the beginning of the year. However, the ‎share price has dropped to as low as -28.82% below its one year high. On 01/04/21, the company ‎shares recorded $21.08, the highest single-day price it has got to in the last 52-weeks and a 52-week ‎low was seen on 01/04/21, the same year at $20.20. The company’s shares have declined by -17.72% in ‎the past year. The 50-day SMA achieved is $20.38 while the 200-day SMA is $17.08.

Saratoga ‎Investment Corp. [SAR] Valuation Measures

Notably, Saratoga Investment Corp. [SAR] stock can ‎be classified as a good candidate in the listing of underestimated low-priced Asset Management ‎companies to purchase soonest possible with the prevailing 12-month PE ratio of 5.53. The measure ‎means the stock is exchanging at a discount as compared to the 20.24x trailing earnings of the industry. ‎It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.91 PS value ‎ratio is reported for the last one year of reported earnings. That is lower than the industry average of ‎‎9.60 which means SAR serve an attractive investment opportunity compared to its ‎competitors.

SAR Stock Support And Resistance Levels

On the 24-hour scale, the immediate ‎backing is perceived around 20.06 level, and in case of violation of this particular level, it will cause ‎more drop to 19.69 level. On the upper level, 21.45 is still the key resistance. The stock may increase to ‎the subsequent resistance at 20.94. The Relative Strength Index (RSI) pinned on the 14-day chart is ‎‎44.41, implying a neutral technical stance while the MACD stands at -0.04, meaning price will decrease ‎in the next trading period. Percent R indicator moved to 86.78%, implying bearish price movement. ‎Stochastic %K at 20.61% suggest holding the stock.

Is Saratoga Investment Corp. [NYSE:SAR] a ‎Good Buy Right Now?

It should be noted that SAR technical indicators for short, intermediate as ‎well as long term progress have placed an overall average of 80% as Buy. The average signal changed ‎from 80% Buy in the last week and compares with 100% Buy in the past month. Data from Saratoga ‎Investment Corp.’s Trend Spotter indicated that the signals were Bearish. The stock current average is ‎‎41955.0 shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 ‎days, the average trading volume was 48022.0 shares while the medium term average advocated for ‎‎100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at ‎‎46128.0 shares.

What is the short interest in Saratoga Investment Corp.?

Short interest in ‎the Saratoga Investment Corp. stock has surged, increasing by 10210.0 shares to total 26670.0 shares ‎on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 36880.0, data from Yahoo ‎Finance shows. The decrease of -38.28% suggests the stock saw some decreased bullish sentiment. ‎The stock’s days to cover moved to short ratio while the shorted shares account for just 0.28% of the ‎overall float for the stock.

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What are analyst thoughts on Saratoga Investment Corp.?

Looking ‎forward to the Saratoga Investment Corp. share price prediction, we can see that analysts, surveyed ‎by FactSet, offer the mean price target for Saratoga Investment Corp. stock at $22.50 within the next ‎‎12 months, which represents almost 9.2 per cent growth from its previous closing price of $20.43. The ‎highest analysts’ target for Saratoga Investment Corp. stock projections is $27.00 and the lowest one is ‎‎$20.00. Still, 6 analysts sharing their consensus rating for SAR stock in 2021 agree that it is a Buy.‎

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