Brokerages expect Main Street Capital Co. (NYSE:MAIN) to report $56.95 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Main Street Capital’s earnings. The highest sales estimate is $57.80 million and the lowest is $55.44 million. Main Street Capital posted sales of $50.27 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.3%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Main Street Capital will report full-year sales of $229.15 million for the current year, with estimates ranging from $227.00 million to $230.81 million. For the next fiscal year, analysts anticipate that the company will report sales of $245.56 million per share, with estimates ranging from $231.26 million to $254.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Main Street Capital.
Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, May 3rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. Main Street Capital had a net margin of 81.24% and a return on equity of 10.48%. The business had revenue of $55.94 million for the quarter, compared to analyst estimates of $53.54 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Main Street Capital’s revenue was up 16.8% compared to the same quarter last year.
A number of equities analysts recently issued reports on MAIN shares. Zacks Investment Research raised shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Thursday, March 22nd. B. Riley started coverage on shares of Main Street Capital in a research report on Tuesday, March 27th. They set a “buy” rating and a $40.00 target price on the stock. ValuEngine lowered shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, National Securities reaffirmed a “neutral” rating and set a $35.00 target price on shares of Main Street Capital in a research report on Wednesday, May 9th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.33.
Shares of Main Street Capital opened at $38.06 on Friday, Marketbeat.com reports. Main Street Capital has a 1 year low of $34.37 and a 1 year high of $41.79. The firm has a market cap of $2.26 billion, a P/E ratio of 15.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.10 and a current ratio of 0.10.
The firm also recently declared a dividend, which was paid on Tuesday, June 26th. Shareholders of record on Tuesday, June 19th were issued a $0.275 dividend. The ex-dividend date of this dividend was Monday, June 18th. This is a positive change from Main Street Capital’s previous dividend of $0.19. Main Street Capital’s payout ratio is 95.40%.
Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in Main Street Capital in the 4th quarter valued at $297,000. Paloma Partners Management Co bought a new stake in Main Street Capital in the 4th quarter valued at $315,000. Jane Street Group LLC bought a new stake in Main Street Capital in the 4th quarter valued at $350,000. Cullen Frost Bankers Inc. bought a new stake in Main Street Capital in the 1st quarter valued at $335,000. Finally, Lido Advisors LLC increased its holdings in Main Street Capital by 25.1% in the 1st quarter. Lido Advisors LLC now owns 9,461 shares of the financial services provider’s stock valued at $349,000 after buying an additional 1,900 shares during the period. 25.25% of the stock is currently owned by hedge funds and other institutional investors.
Main Street Capital Company Profile
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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