SLR Investment (SLRC) Set to Announce Earnings on Wednesday

SLR Investment (NASDAQ:SLRC - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect SLR Investment to post earnings of $0.44 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

SLR Investment (NASDAQ:SLRC - Get Free Report) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $58.98 million during the quarter, compared to the consensus estimate of $58.23 million. SLR Investment had a return on equity of 9.65% and a net margin of 42.99%. During the same period in the previous year, the business earned $0.42 EPS. On average, analysts expect SLR Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SLR Investment Stock Performance

SLRC traded up $0.01 during trading on Wednesday, hitting $15.43. 97,046 shares of the stock were exchanged, compared to its average volume of 158,129. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.16. SLR Investment has a 1-year low of $14.09 and a 1-year high of $16.77. The stock has a fifty day moving average price of $15.33 and a two-hundred day moving average price of $15.65. The firm has a market capitalization of $841.86 million, a P/E ratio of 8.30 and a beta of 1.13.

SLR Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.63%. SLR Investment's payout ratio is 88.17%.

Analyst Ratings Changes

SLRC has been the topic of several research reports. JPMorgan Chase & Co. downgraded shares of SLR Investment from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $15.50 to $15.00 in a research report on Monday, July 29th. Wells Fargo & Company reduced their price objective on SLR Investment from $13.00 to $12.50 and set an "underweight" rating for the company in a research note on Tuesday. Finally, StockNews.com started coverage on SLR Investment in a report on Tuesday, July 23rd. They issued a "hold" rating on the stock. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $15.13.

About SLR Investment

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.