Equities analysts predict that Monroe Capital Corp (NASDAQ:MRCC) will report $13.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Monroe Capital’s earnings. The highest sales estimate is $13.60 million and the lowest is $13.07 million. Monroe Capital reported sales of $11.23 million during the same quarter last year, which would suggest a positive year over year growth rate of 18.9%. The business is expected to announce its next quarterly earnings results on Tuesday, March 6th.
On average, analysts expect that Monroe Capital will report full year sales of $13.35 million for the current year, with estimates ranging from $50.81 million to $51.30 million. For the next fiscal year, analysts forecast that the business will report sales of $60.92 million per share, with estimates ranging from $57.80 million to $64.91 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Monroe Capital had a return on equity of 9.47% and a net margin of 35.62%. The company had revenue of $13.47 million for the quarter, compared to the consensus estimate of $13.36 million.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Monroe Capital from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. National Securities restated a “buy” rating and issued a $17.00 price target on shares of Monroe Capital in a research report on Monday, November 13th. TheStreet upgraded Monroe Capital from a “c+” rating to a “b” rating in a research report on Monday, November 27th. Finally, BidaskClub cut Monroe Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $16.67.
Monroe Capital (NASDAQ:MRCC) opened at $13.73 on Monday. Monroe Capital has a 1-year low of $13.32 and a 1-year high of $16.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $277.89, a PE ratio of 14.01 and a beta of 0.54.
Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new stake in Monroe Capital in the second quarter worth about $114,000. Stifel Financial Corp purchased a new stake in Monroe Capital in the third quarter worth about $143,000. Citadel Advisors LLC purchased a new stake in Monroe Capital in the third quarter worth about $144,000. Palo Capital Inc. purchased a new stake in Monroe Capital in the fourth quarter worth about $160,000. Finally, Spectrum Management Group Inc. purchased a new stake in Monroe Capital in the third quarter worth about $172,000. Institutional investors and hedge funds own 29.50% of the company’s stock.
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About Monroe Capital
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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