Main Street Capital (MAIN) Releases Earnings Results, Beats Estimates By $0.01 EPS

Main Street Capital (NYSE:MAIN) posted its earnings results on Thursday. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01, Bloomberg Earnings reports. Main Street Capital had a net margin of 82.93% and a return on equity of 10.53%. The firm had revenue of $55.80 million during the quarter, compared to analyst estimates of $53.17 million. During the same period last year, the firm posted $0.57 earnings per share. Main Street Capital’s revenue for the quarter was up 19.2% compared to the same quarter last year.

Main Street Capital (MAIN) opened at $36.02 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $2,074.10, a price-to-earnings ratio of 12.05 and a beta of 0.94. Main Street Capital has a one year low of $34.37 and a one year high of $41.79.

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 21st will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 6.33%. The ex-dividend date is Tuesday, March 20th. Main Street Capital’s payout ratio is 76.25%.

A number of research firms recently weighed in on MAIN. Zacks Investment Research raised shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Friday, January 5th. National Securities reissued a “sell” rating and issued a $33.00 target price on shares of Main Street Capital in a report on Monday, November 6th. ValuEngine lowered shares of Main Street Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Raymond James Financial raised shares of Main Street Capital from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.18.

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About Main Street Capital

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

Earnings History for Main Street Capital (NYSE:MAIN)

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