Solar Capital Ltd. (NASDAQ:SLRC) is set to announce second quarter earning results on Tuesday 4th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SLRC to report 2Q20 income of $ 0.35 per share.
For the full year, analysts anticipate top line of $ 132.97 million, while looking forward to income of $ 1.48 per share bottom line.
Previous Quarter Performance
Solar Capital Ltd. disclosed income for the first quarter of $ 0.38 per share, from the revenue of $ 32.90 million. The quarterly earnings decreased 13.64 percent while revenues dropped 14.61 percent compared with the same quarter last year.
Wall street analysts are predicting, SLRC to report 1Q20 income of $ 0.42 per share from revenue of $ 37.99 million. The bottom line results missed street analysts by $ 0.04 or 9.52 percent, at the same time, top line results fell short of analysts by $ 5.09 million or 13.4 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SLRC was $ 16.51, representing a 122.51 % increase from the 52 week low of $ 7.42 and a 22.27 % decrease over the 52 week high of $ 21.24.
The company has a market capital of $ 697.73 million and is part of the Financial Services sector and Asset Management industry.
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Recent Stock Dividend Announcement
On May 7, 2020, the board of directors authorized quarterly dividend of $ 0.41 per share to holders of record as of the close of business on June 18, 2020, with payment date of July 2, 2020 and ex-dividend date on June 17, 2020.
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.
