Solar Capital (NASDAQ:SLRC) is set to announce its earnings results after the market closes on Tuesday, August 4th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Solar Capital (NASDAQ:SLRC) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.04). The business had revenue of $32.90 million during the quarter, compared to the consensus estimate of $37.43 million. Solar Capital had a positive return on equity of 7.82% and a negative net margin of 29.85%. On average, analysts expect Solar Capital to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Solar Capital stock opened at $16.17 on Friday. The firm has a 50 day moving average of $16.29 and a 200 day moving average of $16.52. The firm has a market capitalization of $683.34 million, a price-to-earnings ratio of -15.25 and a beta of 1.31. Solar Capital has a 12-month low of $7.42 and a 12-month high of $21.24. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.62.

Several research firms recently issued reports on SLRC. JPMorgan Chase & Co. reduced their target price on shares of Solar Capital from $21.50 to $17.00 and set an “overweight” rating for the company in a report on Monday, May 4th. JMP Securities reduced their target price on shares of Solar Capital from $21.50 to $18.50 and set a “market outperform” rating for the company in a report on Monday, May 11th. Wells Fargo & Co increased their target price on shares of Solar Capital from $13.50 to $16.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. BidaskClub raised shares of Solar Capital from a “sell” rating to a “hold” rating in a report on Friday. Finally, Deutsche Bank reduced their target price on shares of Solar Capital from $23.50 to $18.50 and set a “buy” rating for the company in a report on Monday, May 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.42.

About Solar Capital

Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate sctivities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities.

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Earnings History for Solar Capital (NASDAQ:SLRC)

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