Equities analysts predict that Main Street Capital (NYSE:MAIN) will report earnings of $0.62 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Main Street Capital’s earnings, with estimates ranging from $0.59 to $0.63. Main Street Capital reported earnings per share of $0.58 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The company is scheduled to issue its next earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Main Street Capital will report full year earnings of $2.47 per share for the current fiscal year, with EPS estimates ranging from $2.42 to $2.50. For the next fiscal year, analysts forecast that the business will post earnings of $2.50 per share, with EPS estimates ranging from $2.36 to $2.62. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Main Street Capital.
Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, May 3rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Main Street Capital had a net margin of 81.24% and a return on equity of 10.48%. The company had revenue of $55.94 million for the quarter, compared to the consensus estimate of $53.54 million. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was up 16.8% compared to the same quarter last year.
MAIN has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, March 30th. ValuEngine downgraded shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. B. Riley initiated coverage on shares of Main Street Capital in a research report on Tuesday, March 27th. They set a “buy” rating and a $40.00 target price on the stock. Finally, National Securities upgraded shares of Main Street Capital from a “sell” rating to a “neutral” rating and upped their target price for the company from $33.00 to $35.00 in a research report on Monday, February 26th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.50.
Main Street Capital stock traded down $0.12 during trading hours on Monday, reaching $38.58. 262,243 shares of the company’s stock traded hands, compared to its average volume of 297,730. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.22. Main Street Capital has a fifty-two week low of $38.61 and a fifty-two week high of $38.79. The company has a market cap of $2.30 billion, a PE ratio of 16.14 and a beta of 0.94.
The company also recently declared a monthly dividend, which will be paid on Friday, September 14th. Investors of record on Tuesday, August 21st will be given a $0.19 dividend. The ex-dividend date is Monday, August 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.91%. Main Street Capital’s dividend payout ratio is 95.40%.
Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Main Street Capital by 59.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,648 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 1,727 shares during the period. Strid Group LLC acquired a new stake in shares of Main Street Capital in the 4th quarter valued at approximately $204,000. King Wealth Management Group LLC acquired a new stake in shares of Main Street Capital in the 4th quarter valued at approximately $205,000. GSA Capital Partners LLP acquired a new stake in shares of Main Street Capital in the 3rd quarter valued at approximately $208,000. Finally, Navellier & Associates Inc acquired a new stake in shares of Main Street Capital in the 4th quarter valued at approximately $222,000. Institutional investors and hedge funds own 27.89% of the company’s stock.
About Main Street Capital
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Main Street Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Main Street Capital and related companies with MarketBeat.com's FREE daily email newsletter.