Wall Street brokerages expect Monroe Capital Corp (NASDAQ:MRCC) to announce $17.60 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Monroe Capital’s earnings, with the lowest sales estimate coming in at $17.10 million and the highest estimate coming in at $18.20 million. Monroe Capital reported sales of $13.78 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.7%. The business is expected to report its next earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Monroe Capital will report full-year sales of $68.43 million for the current fiscal year, with estimates ranging from $67.45 million to $69.56 million. For the next fiscal year, analysts forecast that the company will post sales of $74.96 million, with estimates ranging from $71.67 million to $81.08 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Monroe Capital had a return on equity of 11.43% and a net margin of 18.88%. The business had revenue of $16.72 million during the quarter, compared to the consensus estimate of $17.00 million.
Monroe Capital stock traded up $0.27 during trading hours on Friday, hitting $10.56. The company had a trading volume of 126,011 shares, compared to its average volume of 107,612. The firm has a market capitalization of $211.28 million, a P/E ratio of 6.73 and a beta of 1.16. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.21 and a quick ratio of 4.21. The firm’s fifty day moving average is $10.64 and its 200-day moving average is $11.67. Monroe Capital has a fifty-two week low of $9.10 and a fifty-two week high of $14.05.
The firm also recently declared 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 is Friday, September 13th. Monroe Capital’s dividend payout ratio is 89.17%.
Several institutional investors and hedge funds have recently bought and sold shares of MRCC. Alera Investment Advisors LLC boosted its holdings in Monroe Capital by 45.0% during the first quarter. Alera Investment Advisors LLC now owns 4,721 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 1,466 shares during the last quarter. Stephens Inc. AR grew its holdings in Monroe Capital by 2.8% during the 2nd quarter. Stephens Inc. AR now owns 57,138 shares of the financial services provider’s stock worth $659,000 after acquiring an additional 1,551 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Monroe Capital by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 137,417 shares of the financial services provider’s stock worth $1,585,000 after acquiring an additional 2,488 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Monroe Capital in the 2nd quarter valued at approximately $30,000. Finally, Crewe Advisors LLC acquired a new position in Monroe Capital in the 2nd quarter valued at approximately $32,000. 22.38% of the stock is owned by institutional investors and hedge funds.
About Monroe Capital
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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