$53.07 Million in Sales Expected for Main Street Capital Co. (MAIN) This Quarter

Analysts expect that Main Street Capital Co. (NYSE:MAIN) will report $53.07 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Main Street Capital’s earnings, with the highest sales estimate coming in at $55.19 million and the lowest estimate coming in at $51.38 million. Main Street Capital posted sales of $46.83 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The company is scheduled to report its next earnings report after the market closes on Thursday, February 22nd.

On average, analysts expect that Main Street Capital will report full-year sales of $53.07 million for the current financial year, with estimates ranging from $201.32 million to $205.13 million. For the next fiscal year, analysts forecast that the firm will report sales of $223.27 million per share, with estimates ranging from $210.97 million to $231.49 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Main Street Capital.

Several equities analysts have recently issued reports on MAIN shares. Zacks Investment Research raised Main Street Capital from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Wednesday, November 8th. ValuEngine lowered Main Street Capital from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Raymond James Financial raised Main Street Capital from an “underperform” rating to a “market perform” rating in a report on Tuesday, November 7th. Finally, National Securities reaffirmed a “sell” rating and issued a $33.00 target price on shares of Main Street Capital in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.18.

A number of hedge funds and other institutional investors have recently made changes to their positions in MAIN. JPMorgan Chase & Co. grew its holdings in Main Street Capital by 59.1% during the third quarter. JPMorgan Chase & Co. now owns 4,648 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 1,727 shares during the period. Good Life Advisors LLC bought a new position in Main Street Capital during the third quarter valued at $203,000. Strid Group LLC bought a new position in Main Street Capital during the fourth quarter valued at $204,000. King Wealth Management Group LLC bought a new position in Main Street Capital during the fourth quarter valued at $205,000. Finally, GSA Capital Partners LLP bought a new position in Main Street Capital during the third quarter valued at $208,000. 27.12% of the stock is owned by institutional investors and hedge funds.

Main Street Capital (NYSE MAIN) traded down $0.08 during mid-day trading on Tuesday, hitting $36.88. The stock had a trading volume of 312,201 shares, compared to its average volume of 398,781. The company has a market capitalization of $2,140.00, a price-to-earnings ratio of 13.03 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 52 week low of $34.37 and a 52 week high of $41.79.

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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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