Equities analysts predict that Main Street Capital Co. (NYSE:MAIN) will post sales of $51.87 million for the current quarter, according to Zacks. Three analysts have issued estimates for Main Street Capital’s earnings, with the highest sales estimate coming in at $52.99 million and the lowest estimate coming in at $50.00 million. Main Street Capital posted sales of $60.07 million during the same quarter last year, which would indicate a negative year over year growth rate of 13.7%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, November 5th.
On average, analysts expect that Main Street Capital will report full year sales of $213.25 million for the current financial year, with estimates ranging from $208.87 million to $217.41 million. For the next fiscal year, analysts expect that the business will report sales of $233.40 million, with estimates ranging from $220.90 million to $254.48 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Main Street Capital.
Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Main Street Capital had a positive return on equity of 10.12% and a negative net margin of 34.15%. The company had revenue of $52.01 million for the quarter, compared to the consensus estimate of $49.13 million. During the same period last year, the business posted $0.63 EPS. The company’s revenue was down 15.2% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of MAIN. Sound Income Strategies LLC raised its holdings in shares of Main Street Capital by 0.9% in the third quarter. Sound Income Strategies LLC now owns 706,832 shares of the financial services provider’s stock worth $20,901,000 after acquiring an additional 6,549 shares during the last quarter. McGowan Group Asset Management Inc. raised its holdings in shares of Main Street Capital by 0.9% in the second quarter. McGowan Group Asset Management Inc. now owns 389,873 shares of the financial services provider’s stock worth $12,137,000 after acquiring an additional 3,319 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Main Street Capital by 6.3% in the first quarter. Legal & General Group Plc now owns 357,094 shares of the financial services provider’s stock worth $7,322,000 after acquiring an additional 21,305 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Main Street Capital by 1.5% in the first quarter. Clearbridge Investments LLC now owns 318,245 shares of the financial services provider’s stock worth $6,527,000 after acquiring an additional 4,636 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its holdings in shares of Main Street Capital by 1.7% in the second quarter. State of Wisconsin Investment Board now owns 227,599 shares of the financial services provider’s stock worth $7,085,000 after acquiring an additional 3,842 shares during the last quarter. 19.00% of the stock is owned by hedge funds and other institutional investors.
Shares of MAIN stock traded up $0.17 during midday trading on Tuesday, hitting $30.01. The company had a trading volume of 308,722 shares, compared to its average volume of 574,700. The company’s 50 day simple moving average is $30.24 and its 200 day simple moving average is $29.34. Main Street Capital has a 52-week low of $14.11 and a 52-week high of $45.10. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -24.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.14 and a quick ratio of 0.14.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Investors of record on Wednesday, November 25th will be issued a dividend of $0.205 per share. The ex-dividend date is Tuesday, November 24th. This represents a $2.46 annualized dividend and a yield of 8.20%. Main Street Capital’s dividend payout ratio is presently 98.40%.
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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