Analysts Expect Main Street Capital Corporation (MAIN) Will Post Earnings of $0.57 Per Share

Analysts expect Main Street Capital Corporation (NYSE:MAIN) to announce $0.57 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Main Street Capital Corporation’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.58. Main Street Capital Corporation posted earnings of $0.58 per share during the same quarter last year, which would suggest a negative year over year growth rate of 1.7%. The business is expected to issue its next earnings report after the market closes on Thursday, November 2nd.

On average, analysts expect that Main Street Capital Corporation will report full year earnings of $2.31 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.32. For the next fiscal year, analysts anticipate that the business will post earnings of $2.32 per share, with EPS estimates ranging from $2.29 to $2.35. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Main Street Capital Corporation.

Main Street Capital Corporation (NYSE:MAIN) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Main Street Capital Corporation had a net margin of 86.36% and a return on equity of 10.24%. The company had revenue of $50.30 million during the quarter, compared to analyst estimates of $47.82 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 17.2% compared to the same quarter last year.

A number of equities analysts have recently commented on MAIN shares. National Securities reissued a “sell” rating and issued a $33.00 price target on shares of Main Street Capital Corporation in a research report on Tuesday, August 8th. BidaskClub lowered shares of Main Street Capital Corporation from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research raised shares of Main Street Capital Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine raised shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Main Street Capital Corporation currently has an average rating of “Hold” and a consensus target price of $38.98.

Shares of Main Street Capital Corporation (NYSE:MAIN) opened at 39.96 on Friday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 13.13 and a beta of 1.00. The stock has a 50 day moving average of $39.86 and a 200 day moving average of $39.21. Main Street Capital Corporation has a 52-week low of $32.12 and a 52-week high of $40.86.

The company also recently declared a special dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Tuesday, December 19th will be given a $0.275 dividend. This represents a dividend yield of 5.65%. The ex-dividend date is Monday, December 18th. Main Street Capital Corporation’s dividend payout ratio is 74.75%.

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Several large investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD increased its position in Main Street Capital Corporation by 4.9% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 177,844 shares of the financial services provider’s stock worth $7,069,000 after acquiring an additional 8,306 shares during the period. Texan Capital Management increased its position in Main Street Capital Corporation by 96,443.2% during the third quarter. Texan Capital Management now owns 140,953 shares of the financial services provider’s stock worth $5,603,000 after acquiring an additional 140,807 shares during the period. Mycio Wealth Partners LLC bought a new position in Main Street Capital Corporation during the third quarter worth $457,000. Shell Asset Management Co. bought a new position in Main Street Capital Corporation during the third quarter worth $2,257,000. Finally, Eqis Capital Management Inc. bought a new position in Main Street Capital Corporation during the third quarter worth $237,000. 26.57% of the stock is currently owned by institutional investors.

Main Street Capital Corporation Company Profile

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

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