Brokerages forecast that Solar Funds Ltd. (NASDAQ:SLRC) will announce $33.48 million in gross sales for the recent fiscal quarter, Zacks Financial commitment Analysis studies. Two analysts have issued estimates for Photo voltaic Capital’s earnings, with estimates ranging from $32.84 million to $34.11 million. Photo voltaic Capital posted gross sales of $37.06 million in the same quarter final calendar year, which would reveal a destructive yr over 12 months advancement fee of 9.7%. The enterprise is scheduled to announce its upcoming quarterly earnings outcomes after the industry closes on Wednesday, February 24th.
On typical, analysts anticipate that Solar Capital will report full-12 months income of $123.86 million for the latest fiscal yr, with estimates ranging from $123.22 million to $124.49 million. For the following financial yr, analysts forecast that the agency will publish revenue of $161.34 million, with estimates ranging from $159.70 million to $162.97 million. Zacks’ revenue averages are a suggest regular dependent on a study of promote-aspect exploration companies that that provide coverage for Solar Money.
Solar Capital (NASDAQ:SLRC) final posted its quarterly earnings final results on Thursday, November 5th. The fiscal products and services supplier described $.34 EPS for the quarter, missing the consensus estimate of $.35 by ($.01). The enterprise experienced profits of $28.85 million for the quarter, in comparison to analysts’ expectations of $30.76 million. Photo voltaic Funds had a favourable return on equity of 7.19% and a damaging web margin of 3.90%.
A number of brokerages just lately commented on SLRC. Compass Issue downgraded shares of Solar Money from a “buy” score to a “neutral” rating and established a $17.75 concentrate on rate on the inventory. in a analysis observe on Tuesday, November 24th. Zacks Expenditure Exploration downgraded shares of Photo voltaic Funds from a “buy” ranking to a “hold” score in a research take note on Saturday, November 7th. Oppenheimer reaffirmed a “buy” ranking and issued a $20.00 concentrate on rate on shares of Photo voltaic Capital in a investigate observe on Monday, November 9th. Lastly, Wells Fargo & Enterprise downgraded shares of Solar Capital from an “overweight” rating to an “equal weight” score and set a $17.25 price tag objective on the inventory. in a analysis report on Tuesday, November 10th. 3 analysis analysts have rated the stock with a maintain score and 5 have issued a obtain score to the company’s stock. The business has a consensus score of “Buy” and a consensus focus on price tag of $18.13.
Hedge money have not too long ago made alterations to their positions in the corporation. Founders Money Administration bought a new stake in shares of Photo voltaic Money throughout the 4th quarter valued at $26,000. Worldwide Belongings Financial commitment Administration LLC purchased a new stake in shares of Photo voltaic Money during the 4th quarter valued at $79,000. Eagle World wide Advisors LLC acquired a new stake in shares of Solar Funds in the course of the 4th quarter valued at $189,000. TCW Team Inc. acquired a new stake in shares of Solar Cash in the course of the 4th quarter valued at $202,000. At last, Trexquant Expenditure LP bought a new stake in shares of Photo voltaic Money in the course of the 3rd quarter valued at $276,000. Hedge cash and other institutional investors personal 54.65% of the company’s inventory.
SLRC stock opened at $18.04 on Monday. The enterprise has a financial debt-to-fairness ratio of .60, a brief ratio of 1.02 and a existing ratio of 1.02. Photo voltaic Funds has a a person yr very low of $7.42 and a one year large of $21.19. The company’s 50 working day relocating ordinary selling price is $17.56 and its two-hundred day relocating common value is $16.93. The enterprise has a sector capitalization of $762.37 million, a PE ratio of -150.33 and a beta of 1.25.
Solar Cash Corporation Profile
Photo voltaic Capital Ltd. is a business enterprise enhancement organization specializing in secured debt (initially lien unitranche and next lien), subordinated (unsecured) credit card debt, minority fairness, and strategic profits-oriented regulate fairness investments in leveraged middle sector corporations. The fund invests in aerospace and protection air freight & logistics asset management automotive banking beverage, foods and tobacco developing items structures and authentic estate broadcasting and entertainment cargo transport commercial solutions and materials communications gear chemical compounds, plastics and rubber containers, packaging and glass construction & engineering diversified/conglomerate producing buyer Finance distributors diversified/conglomerate expert services diversified monetary expert services diversified authentic estate sctivities foodstuff products and solutions Footwear Training Providers diversified telecommunications companies electronics farming and agriculture finance grocery well being treatment equipment and materials health and fitness care amenities education and childcare property and place of work furnishing, durable purchaser items accommodations, motels, inns and gaming insurance coverage places to eat, leisure, amusement, and amusement leisure tools tolls and solutions, media, multiline retail, multi sector holdings paper and forest goods private solutions skilled services, analysis and consulting expert services, software package specialty retail textiles apparel and luxurious merchandise, thrifts and mortgage loan finance, trading firms and distributors, utilities, and wireless telecommunication products and services industrial conglomerates online software program and services, IT expert services, equipment mining, metal, iron, and non valuable metals oil and gasoline particular, food stuff and miscellaneous solutions printing and publishing retail stores telecommunications textiles and leather-based and utilities.
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