Equities analysts forecast that Monroe Capital Corp (NASDAQ:MRCC) will post earnings of $0.36 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Monroe Capital’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.33. Monroe Capital posted earnings per share of $0.35 during the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The firm is expected to announce its next earnings results on Wednesday, March 13th.

On average, analysts expect that Monroe Capital will report full-year earnings of $1.55 per share for the current year, with EPS estimates ranging from $1.52 to $1.57. For the next financial year, analysts anticipate that the firm will post earnings of $1.48 per share, with EPS estimates ranging from $1.38 to $1.55. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Monroe Capital.

Monroe Capital (NASDAQ:MRCC) last issued its earnings results on Tuesday, November 6th. The financial services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $13.78 million during the quarter, compared to the consensus estimate of $15.36 million. Monroe Capital had a net margin of 12.15% and a return on equity of 11.44%.

A number of brokerages recently commented on MRCC. TheStreet downgraded shares of Monroe Capital from a “b-” rating to a “c” rating in a research note on Friday. National Securities downgraded shares of Monroe Capital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $13.00 in a research note on Friday, November 9th. Zacks Investment Research downgraded shares of Monroe Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 9th. B. Riley decreased their price objective on shares of Monroe Capital from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Thursday, November 8th. Finally, ValuEngine downgraded shares of Monroe Capital from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.38.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRCC. Cliffwater LLC boosted its stake in Monroe Capital by 65.0% in the third quarter. Cliffwater LLC now owns 210,642 shares of the financial services provider’s stock valued at $2,858,000 after acquiring an additional 82,987 shares in the last quarter. WESPAC Advisors LLC boosted its stake in Monroe Capital by 72.1% in the third quarter. WESPAC Advisors LLC now owns 68,990 shares of the financial services provider’s stock valued at $936,000 after acquiring an additional 28,910 shares in the last quarter. North Star Investment Management Corp. acquired a new position in Monroe Capital in the second quarter valued at $323,000. Ashfield Capital Partners LLC acquired a new position in Monroe Capital in the second quarter valued at $279,000. Finally, JPMorgan Chase & Co. boosted its stake in Monroe Capital by 630.3% in the first quarter. JPMorgan Chase & Co. now owns 18,989 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 16,389 shares in the last quarter. Institutional investors own 23.64% of the company’s stock.

Shares of MRCC stock traded down $0.22 on Tuesday, reaching $10.96. 190,919 shares of the stock were exchanged, compared to its average volume of 102,585. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.86. The company has a market cap of $226.32 million, a P/E ratio of 7.83 and a beta of 0.77. Monroe Capital has a twelve month low of $10.85 and a twelve month high of $14.65.

Monroe Capital Company Profile

Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.

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Earnings History and Estimates for Monroe Capital (NASDAQ:MRCC)

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