Main Street Capital (NYSE:MAIN) released its earnings results on Thursday. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01, Bloomberg Earnings reports. Main Street Capital had a return on equity of 10.14% and a net margin of 79.87%. The company had revenue of $55.80 million for the quarter, compared to analysts’ expectations of $53.17 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The firm’s quarterly revenue was up 19.2% on a year-over-year basis.
Main Street Capital (NYSE:MAIN) traded down $0.14 on Thursday, hitting $35.70. The company had a trading volume of 242,488 shares, compared to its average volume of 400,791. The firm has a market cap of $2,070.00, a PE ratio of 12.61 and a beta of 0.94. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.20. Main Street Capital has a 1-year low of $34.37 and a 1-year high of $41.79.
MAIN has been the topic of several recent analyst reports. National Securities reiterated a “sell” rating and set a $33.00 target price on shares of Main Street Capital in a research report on Monday, November 6th. Raymond James Financial upgraded Main Street Capital from an “underperform” rating to a “market perform” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Main Street Capital from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, November 8th. Finally, ValuEngine cut Main Street Capital from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Main Street Capital currently has an average rating of “Hold” and a consensus target price of $39.18.
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Main Street Capital 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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