Wall Street brokerages forecast that Main Street Capital Co. (NYSE:MAIN) will post $0.62 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Main Street Capital’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.59. Main Street Capital reported earnings per share of $0.58 during the same quarter last year, which suggests 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 financial year, with EPS estimates ranging from $2.42 to $2.50. For the next financial year, analysts forecast that the company will report earnings of $2.50 per share, with EPS estimates ranging from $2.36 to $2.62. Zacks’ earnings per share averages are an average based on a survey of sell-side research 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 for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The firm had revenue of $55.94 million during the quarter, compared to the consensus estimate of $53.54 million. Main Street Capital had a net margin of 81.24% and a return on equity of 10.48%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS.
MAIN has been the topic of several recent analyst 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 note on Friday, March 30th. B. Riley initiated coverage on shares of Main Street Capital in a research note on Tuesday, March 27th. They issued a “buy” rating and a $40.00 target price on the stock. National Securities upgraded shares of Main Street Capital from a “sell” rating to a “neutral” rating and increased their target price for the stock from $33.00 to $35.00 in a research note on Monday, February 26th. Finally, ValuEngine cut shares of Main Street Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $39.33.
Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of Main Street Capital by 68.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 51,997 shares of the financial services provider’s stock valued at $2,066,000 after purchasing an additional 21,139 shares during the last quarter. Sapphire Star Partners LP bought a new position in shares of Main Street Capital during the 4th quarter valued at $544,000. Texas Yale Capital Corp. grew its holdings in shares of Main Street Capital by 5.7% during the 4th quarter. Texas Yale Capital Corp. now owns 74,423 shares of the financial services provider’s stock valued at $2,957,000 after purchasing an additional 4,000 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Main Street Capital by 6.6% during the 4th quarter. California Public Employees Retirement System now owns 130,783 shares of the financial services provider’s stock valued at $5,196,000 after purchasing an additional 8,110 shares during the last quarter. Finally, Navellier & Associates Inc bought a new position in shares of Main Street Capital during the 4th quarter valued at $222,000. Hedge funds and other institutional investors own 25.45% of the company’s stock.
Main Street Capital opened at $38.66 on Friday, according to MarketBeat Ratings. Main Street Capital has a 1 year low of $34.37 and a 1 year high of $41.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 16.18 and a beta of 0.95.
The business also recently disclosed a dividend, which will be paid on Tuesday, June 26th. Stockholders of record on Tuesday, June 19th will be given a dividend of $0.275 per share. The ex-dividend date is Monday, June 18th. This is a boost from Main Street Capital’s previous dividend of $0.19. Main Street Capital’s dividend payout ratio (DPR) is 95.40%.
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.
Get a free copy of the Zacks research report on Main Street Capital (MAIN)
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.