Brokerages Expect Monroe Capital Corp (NASDAQ:MRCC) to Announce $0.35 EPS

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Wall Street analysts forecast that Monroe Capital Corp (NASDAQ:MRCC) will announce earnings of $0.35 per share for the current quarter, according to Zacks. Five analysts have made estimates for Monroe Capital’s earnings. Monroe Capital posted earnings of $0.38 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 7.9%. The firm is expected to announce its next earnings report on Tuesday, November 5th.

On average, analysts expect that Monroe Capital will report full-year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.42. For the next financial year, analysts expect that the company will report earnings of $1.44 per share, with EPS estimates ranging from $1.38 to $1.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Monroe Capital.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $16.72 million for the quarter, compared to analyst estimates of $17.00 million. Monroe Capital had a return on equity of 11.43% and a net margin of 18.88%.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Monroe Capital from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered Monroe Capital from a “hold” rating to a “sell” rating in a research report on Monday, June 3rd. Finally, B. Riley set a $12.00 price target on Monroe Capital and gave the stock a “hold” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $13.00.

NASDAQ MRCC traded down $0.25 during trading hours on Friday, reaching $10.23. 75,809 shares of the company’s stock were exchanged, compared to its average volume of 108,233. The stock has a market cap of $209.15 million, a PE ratio of 6.52 and a beta of 1.16. Monroe Capital has a one year low of $9.10 and a one year high of $13.87. The firm has a fifty day moving average of $10.60 and a 200-day moving average of $11.64. The company has a current ratio of 4.21, a quick ratio of 4.21 and a debt-to-equity ratio of 1.58.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 13.69%. Monroe Capital’s payout ratio is 89.17%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new position in Monroe Capital in the 2nd quarter valued at $30,000. Crewe Advisors LLC bought a new position in Monroe Capital in the 2nd quarter valued at $32,000. Advisory Alpha LLC bought a new position in Monroe Capital in the 1st quarter valued at $36,000. JPMorgan Chase & Co. bought a new position in Monroe Capital in the 2nd quarter valued at $48,000. Finally, Alera Investment Advisors LLC boosted its position in Monroe Capital by 45.0% in the 1st quarter. Alera Investment Advisors LLC now owns 4,721 shares of the financial services provider’s stock valued at $57,000 after buying an additional 1,466 shares during the last quarter. Hedge funds and other institutional investors own 22.38% of the company’s stock.

Monroe Capital Company Profile

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.

See Also: Equity Income

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Earnings History and Estimates for Monroe Capital (NASDAQ:MRCC)

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