Main Street Capital (NYSE:MAIN) Releases Q4 Earnings Guidance

Main Street Capital (NYSE:MAIN) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.01-$1.03 for the period, compared to the consensus estimate of $1.04. Main Street Capital also updated its Q4 2024 guidance to 1.070-1.090 EPS.

Main Street Capital Stock Down 0.7 %

Shares of NYSE MAIN opened at $60.03 on Friday. The company has a 50 day simple moving average of $56.03 and a 200-day simple moving average of $52.35. The company has a market capitalization of $5.29 billion, a P/E ratio of 10.88 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. Main Street Capital has a 1 year low of $43.52 and a 1 year high of $60.87.

Main Street Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.60 annualized dividend and a yield of 6.00%. Main Street Capital’s dividend payout ratio (DPR) is presently 54.35%.

Analyst Ratings Changes

Separately, B. Riley lifted their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $48.80.

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.