Solar Capital Ltd. (NASDAQ:SLRC) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.35 per share.
For the full year, analysts predict revenues of $ 127.00 million, while looking forward to income of $ 1.45 per share.
Previous Quarter Performance
Solar Capital Ltd. revealed income for the second quarter of $ 0.34 per share, from the revenue of $ 28.62 million. The quarterly earnings shrunk 22.73 percent while revenues declined 26.01 percent compared with the same quarter last year.
Wall street analysts are predicting, SLRC to report 2Q20 income of $ 0.35 per share from revenue of $ 32.07 million. The bottom line results missed street analysts by $ 0.01 or 2.86 percent, at the same time, top line results fell short of analysts by $ 3.45 million or 10.76 percent.
Stock Performance
Shares of Solar Capital Ltd. traded up $ 0.06 or 0.37 percent on Wednesday, reaching $ 16.26 with volume of 82.40 thousand shares. Solar Capital Ltd. has traded high as $ 16.50 and has cracked $ 15.91 on the downward trend
The closing price of $ 16.26, representing a 118.33 % increase from the 52 week low of $ 7.42 and a 23.73 % decrease over the 52 week high of $ 21.24.
The company has a market capital of $ 687.16 million and is part of the Financial Services sector and Asset Management industry.
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.
