Brokerages expect that Monroe Capital Corp (NASDAQ:MRCC) will announce earnings per share (EPS) of $0.35 for the current quarter, according to Zacks. Five analysts have made estimates for Monroe Capital’s earnings. Monroe Capital reported earnings of $0.38 per share in the same quarter last year, which indicates a negative year over year growth rate of 7.9%. The firm is scheduled to report its next quarterly earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Monroe Capital will report full year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.38 to $1.42. For the next fiscal year, analysts expect that the company will post earnings of $1.44 per share, with EPS estimates ranging from $1.38 to $1.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Monroe Capital had a net margin of 18.88% and a return on equity of 11.43%. The firm had revenue of $16.72 million for the quarter, compared to analysts’ expectations of $17.00 million.
A number of equities analysts have weighed in on MRCC shares. B. Riley set a $12.00 price target on Monroe Capital and gave the company a “hold” rating in a report on Tuesday, August 20th. ValuEngine downgraded Monroe Capital from a “hold” rating to a “sell” rating in a research report on Monday, June 3rd. Finally, Zacks Investment Research raised Monroe Capital from a “sell” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.00.
Several hedge funds and other institutional investors have recently bought and sold shares of MRCC. Alera Investment Advisors LLC grew its position in Monroe Capital by 45.0% in the first quarter. Alera Investment Advisors LLC now owns 4,721 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 1,466 shares in the last quarter. Stephens Inc. AR increased its stake in Monroe Capital by 2.8% in the second quarter. Stephens Inc. AR now owns 57,138 shares of the financial services provider’s stock valued at $659,000 after acquiring an additional 1,551 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Monroe Capital by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 137,417 shares of the financial services provider’s stock valued at $1,585,000 after purchasing an additional 2,488 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Monroe Capital during the second quarter valued at about $30,000. Finally, Crewe Advisors LLC purchased a new stake in Monroe Capital during the second quarter valued at about $32,000. 22.38% of the stock is owned by institutional investors.
Monroe Capital stock traded up $0.27 during midday trading on Friday, hitting $10.56. 126,011 shares of the company’s stock were exchanged, compared to its average volume of 107,612. Monroe Capital has a 52-week low of $9.10 and a 52-week high of $14.05. The stock has a 50-day moving average price of $10.64 and a two-hundred day moving average price of $11.67. The company has a debt-to-equity ratio of 1.58, a quick ratio of 4.21 and a current ratio of 4.21. The company has a market cap of $211.28 million, a P/E ratio of 6.73 and a beta of 1.16.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 13.26%. The ex-dividend date of this dividend is Friday, September 13th. Monroe Capital’s dividend payout ratio (DPR) is currently 89.17%.
Monroe Capital Company Profile
Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.
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