Wall Street analysts forecast that Main Street Capital Co. (NYSE:MAIN) will post earnings of $0.62 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Main Street Capital’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.60. Main Street Capital reported earnings per share of $0.66 during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.1%. The firm is scheduled to announce its next quarterly earnings results after the market closes 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 financial year, with EPS estimates ranging from $2.49 to $2.57. For the next financial year, analysts expect that the firm will report earnings of $2.60 per share, with EPS estimates ranging from $2.55 to $2.66. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Main Street Capital.
Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $61.40 million during the quarter, compared to analyst estimates of $60.33 million. Main Street Capital had a return on equity of 10.70% and a net margin of 73.33%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 earnings per share.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Main Street Capital by 35.4% during the 4th quarter. Bank of New York Mellon Corp now owns 19,827 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 5,179 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Main Street Capital by 6.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,444 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 434 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Main Street Capital by 0.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 44,072 shares of the financial services provider’s stock worth $1,490,000 after purchasing an additional 411 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Main Street Capital by 10.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 17,004 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Main Street Capital during the 4th quarter worth approximately $2,037,000. 22.47% of the stock is owned by hedge funds and other institutional investors.
Main Street Capital stock traded down $0.21 on Friday, hitting $41.74. 134,660 shares of the stock traded hands, compared to its average volume of 201,479. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 16.05 and a beta of 0.87. The firm has a fifty day moving average of $41.26. Main Street Capital has a 1 year low of $31.95 and a 1 year high of $42.83.
The company also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.205 per share. This represents a $2.46 annualized dividend and a yield of 5.89%. The ex-dividend date is Monday, August 19th. Main Street Capital’s dividend payout ratio is currently 94.62%.
About Main Street Capital
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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