Wall Street analysts expect that Main Street Capital Co. (NYSE:MAIN) will announce earnings per share (EPS) of $0.62 for the current quarter, according to Zacks. Four analysts have issued estimates for Main Street Capital’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.60. Main Street Capital posted earnings of $0.66 per share during the same quarter last year, which would suggest a negative year over year growth rate of 6.1%. The company is expected to announce its next quarterly earnings results on Thursday, August 1st.
On average, analysts expect that Main Street Capital will report full-year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.49 to $2.57. For the next financial year, analysts expect that the company will post earnings of $2.60 per share, with EPS estimates ranging from $2.55 to $2.66. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Main Street Capital.
Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, May 9th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Main Street Capital had a net margin of 73.33% and a return on equity of 10.70%. The business had revenue of $61.40 million during the quarter, compared to analyst estimates of $60.33 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in MAIN. Quadrant Capital Group LLC acquired a new position in shares of Main Street Capital during the 1st quarter valued at about $28,000. Bruderman Asset Management LLC acquired a new position in shares of Main Street Capital during the 4th quarter valued at about $29,000. Marshall Wace North America L.P. acquired a new position in shares of Main Street Capital during the 1st quarter valued at about $30,000. First Financial Corp IN acquired a new position in shares of Main Street Capital during the 1st quarter valued at about $37,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Main Street Capital during the 1st quarter valued at about $38,000. 22.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Main Street Capital stock traded up $0.53 during trading hours on Tuesday, reaching $40.65. 164,400 shares of the company’s stock were exchanged, compared to its average volume of 237,117. Main Street Capital has a 1 year low of $31.95 and a 1 year high of $41.02. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 15.58 and a beta of 0.89. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.21.
The company also recently declared a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.205 per share. The ex-dividend date is Monday, August 19th. This represents a $2.46 annualized dividend and a dividend yield of 6.05%. Main Street Capital’s payout ratio is 92.31%.
Main Street Capital Company Profile
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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