Brokerages predict that Solar Senior Capital Ltd (NASDAQ:SUNS) will report sales of $8.74 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Solar Senior Capital’s earnings. The highest sales estimate is $9.20 million and the lowest is $8.28 million. Solar Senior Capital posted sales of $7.16 million in the same quarter last year, which suggests a positive year-over-year growth rate of 22.1%. The company is scheduled to report its next earnings results after the market closes on Thursday, February 22nd.
On average, analysts expect that Solar Senior Capital will report full-year sales of $8.74 million for the current fiscal year, with estimates ranging from $31.00 million to $32.30 million. For the next financial year, analysts anticipate that the business will report sales of $41.40 million per share, with estimates ranging from $40.80 million to $42.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Solar Senior Capital.
Several research firms recently commented on SUNS. BidaskClub cut shares of Solar Senior Capital from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 24th. Zacks Investment Research cut shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 5th.
Solar Senior Capital (SUNS) traded up $0.01 on Friday, reaching $16.92. 50,465 shares of the company traded hands, compared to its average volume of 54,346. The company has a market cap of $271.30, a PE ratio of 11.75, a P/E/G ratio of 2.35 and a beta of 0.61. Solar Senior Capital has a 1-year low of $16.10 and a 1-year high of $18.46.
The firm also recently declared a monthly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 22nd will be paid a $0.117 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.40 annualized dividend and a yield of 8.30%. Solar Senior Capital’s payout ratio is currently 97.92%.
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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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