Wall Street analysts expect that Main Street Capital Co. (NYSE:MAIN) will report $56.95 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Main Street Capital’s earnings, with estimates ranging from $55.44 million to $57.80 million. Main Street Capital posted sales of $50.27 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.3%. The company is scheduled to announce its next earnings report on Thursday, August 2nd.
On average, analysts expect that Main Street Capital will report full-year sales of $229.15 million for the current year, with estimates ranging from $227.00 million to $230.81 million. For the next year, analysts forecast that the business will post sales of $245.56 million per share, with estimates ranging from $231.26 million to $254.00 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Main Street Capital.
Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Main Street Capital had a net margin of 81.24% and a return on equity of 10.48%. The business had revenue of $55.94 million during the quarter, compared to analyst estimates of $53.54 million. During the same period last year, the business posted $0.57 earnings per share. Main Street Capital’s quarterly revenue was up 16.8% compared to the same quarter last year.
Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Main Street Capital by 68.5% during the fourth 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 purchased a new position in shares of Main Street Capital during the fourth quarter valued at approximately $544,000. Texas Yale Capital Corp. lifted its holdings in shares of Main Street Capital by 5.7% during the fourth 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 lifted its holdings in shares of Main Street Capital by 6.6% during the fourth 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 purchased a new position in shares of Main Street Capital during the fourth quarter valued at approximately $222,000. Hedge funds and other institutional investors own 25.45% of the company’s stock.
MAIN traded down $0.06 on Tuesday, hitting $38.80. The company had a trading volume of 202,311 shares, compared to its average volume of 185,546. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.10 and a quick ratio of 0.10. Main Street Capital has a 52-week low of $34.37 and a 52-week high of $41.79. The firm has a market capitalization of $2.31 billion, a PE ratio of 16.23 and a beta of 0.95.
The firm also recently announced a dividend, which will be paid on Tuesday, June 26th. Stockholders of record on Tuesday, June 19th will be issued a dividend of $0.275 per share. This is a positive change from Main Street Capital’s previous dividend of $0.19. The ex-dividend date of this dividend is Monday, June 18th. Main Street Capital’s dividend payout ratio (DPR) is presently 95.40%.
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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