Equities analysts expect Main Street Capital (NYSE:MAIN) to announce sales of $53.41 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Main Street Capital’s earnings, with estimates ranging from $53.01 million to $53.61 million. Main Street Capital posted sales of $47.89 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.5%. The business is expected to announce its next earnings results after the market closes on Thursday, May 3rd.
According to Zacks, analysts expect that Main Street Capital will report full year sales of $221.97 million for the current fiscal year, with estimates ranging from $216.96 million to $226.46 million. For the next fiscal year, analysts forecast that the firm will post sales of $241.14 million per share, with estimates ranging from $223.84 million to $255.57 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Main Street Capital.
Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Main Street Capital had a net margin of 82.93% and a return on equity of 10.34%. The firm had revenue of $55.80 million during the quarter, compared to analysts’ expectations of $53.17 million. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was up 19.2% on a year-over-year basis.
A number of research firms have weighed in on MAIN. ValuEngine lowered shares of Main Street Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Zacks Investment Research lowered shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. B. Riley began coverage on shares of Main Street Capital in a report on Tuesday, March 27th. They set a “buy” rating and a $40.00 price objective for the company. Finally, National Securities upgraded shares of Main Street Capital from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $33.00 to $35.00 in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $39.15.
Several large investors have recently added to or reduced their stakes in MAIN. JPMorgan Chase & Co. boosted its stake in 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 worth $184,000 after purchasing an additional 1,727 shares in the last quarter. Strid Group LLC purchased a new stake in shares of Main Street Capital during the 4th quarter valued at about $204,000. King Wealth Management Group LLC purchased a new stake in shares of Main Street Capital during the 4th quarter valued at about $205,000. GSA Capital Partners LLP purchased a new stake in Main Street Capital in the 3rd quarter worth approximately $208,000. Finally, Navellier & Associates Inc purchased a new stake in Main Street Capital in the 4th quarter worth approximately $222,000. 27.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE MAIN opened at $37.30 on Friday. The firm has a market cap of $2,191.52, a P/E ratio of 15.61 and a beta of 0.93. Main Street Capital has a 12-month low of $34.37 and a 12-month high of $41.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.15 and a current ratio of 0.15.
The firm also recently announced a dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, April 19th. This is an increase from Main Street Capital’s previous dividend of $0.19. Main Street Capital’s dividend payout ratio is currently 95.40%.
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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.
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