Wall Street analysts expect that Main Street Capital Co. (NYSE:MAIN) will announce earnings per share (EPS) of $0.61 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Main Street Capital’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.62. Main Street Capital reported earnings per share of $0.58 during the same quarter last year, which suggests a positive year-over-year growth rate of 5.2%. The business is expected to report its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Main Street Capital will report full-year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.50 to $2.77. For the next fiscal year, analysts forecast that the company will report earnings of $2.56 per share, with EPS estimates ranging from $2.53 to $2.60. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Main Street Capital.
Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. Main Street Capital had a return on equity of 11.81% and a net margin of 83.40%. The business had revenue of $59.87 million during the quarter, compared to analyst estimates of $57.88 million. During the same quarter in the prior year, the business posted $0.58 EPS. Main Street Capital’s revenue for the quarter was up 19.1% compared to the same quarter last year.
A number of brokerages have issued reports on MAIN. National Securities increased their price target on Main Street Capital from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. SunTrust Banks reiterated a “hold” rating and issued a $40.00 price target on shares of Main Street Capital in a research note on Friday, August 3rd. Finally, Zacks Investment Research lowered Main Street Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Main Street Capital has a consensus rating of “Hold” and a consensus price target of $40.25.
Shares of MAIN stock opened at $39.83 on Wednesday. Main Street Capital has a 52-week low of $34.37 and a 52-week high of $41.79. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 16.30 and a beta of 0.86.
The company also recently disclosed a dividend, which will be paid on Monday, October 15th. Stockholders of record on Thursday, September 20th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, September 19th. Main Street Capital’s payout ratio is 95.40%.
Several institutional investors have recently modified their holdings of the company. Van ECK Associates Corp grew its position in shares of Main Street Capital by 5.5% during the second quarter. Van ECK Associates Corp now owns 413,929 shares of the financial services provider’s stock valued at $15,754,000 after purchasing an additional 21,482 shares in the last quarter. CNO Financial Group Inc. grew its position in shares of Main Street Capital by 114.3% during the second quarter. CNO Financial Group Inc. now owns 300,000 shares of the financial services provider’s stock valued at $11,418,000 after purchasing an additional 160,000 shares in the last quarter. Centaurus Financial Inc. grew its position in shares of Main Street Capital by 10.2% during the second quarter. Centaurus Financial Inc. now owns 275,724 shares of the financial services provider’s stock valued at $10,494,000 after purchasing an additional 25,541 shares in the last quarter. Legal & General Group Plc grew its position in Main Street Capital by 5.3% in the second quarter. Legal & General Group Plc now owns 229,561 shares of the financial services provider’s stock worth $8,736,000 after acquiring an additional 11,488 shares in the last quarter. Finally, Brasada Capital Management LP grew its position in Main Street Capital by 1.5% in the first quarter. Brasada Capital Management LP now owns 179,683 shares of the financial services provider’s stock worth $6,630,000 after acquiring an additional 2,638 shares in the last quarter. Hedge funds and other institutional investors own 23.67% of the company’s stock.
About Main Street Capital
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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