Main Street Capital (NYSE:MAIN) Updates Q3 2024 Earnings Guidance

Main Street Capital (NYSE:MAIN) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.050-1.070 for the period, compared to the consensus earnings per share estimate of 1.020. The company issued revenue guidance of -.

Main Street Capital Stock Up 1.6 %

Main Street Capital stock opened at $51.83 on Thursday. Main Street Capital has a fifty-two week low of $37.70 and a fifty-two week high of $52.39. The stock has a market cap of $4.44 billion, a PE ratio of 9.46 and a beta of 1.30. The firm’s 50-day simple moving average is $49.76 and its 200 day simple moving average is $49.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. The firm had revenue of $132.15 million for the quarter, compared to analysts’ expectations of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. During the same period in the previous year, the company earned $1.06 earnings per share. Research analysts predict that Main Street Capital will post 4.12 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.30 dividend. This represents a yield of 7.66%. The ex-dividend date was Friday, September 20th. Main Street Capital’s payout ratio is 53.65%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MAIN shares. Oppenheimer boosted their target price on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Main Street Capital has a consensus rating of “Hold” and an average target price of $48.40.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.