Analysts forecast that Main Street Capital Co. (NYSE:MAIN) will report $0.62 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Main Street Capital’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.61. Main Street Capital posted earnings per share of $0.63 in the same quarter last year, which suggests a negative year-over-year growth rate of 1.6%. The business is expected to issue its next quarterly earnings report on Thursday, May 2nd.

On average, analysts expect that Main Street Capital will report full year earnings of $2.53 per share for the current financial year, with EPS estimates ranging from $2.47 to $2.58. For the next year, analysts expect that the firm will post earnings of $2.61 per share, with EPS estimates ranging from $2.55 to $2.66. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Main Street Capital.

A number of analysts recently commented on MAIN shares. Zacks Investment Research lowered Main Street Capital from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. National Securities reaffirmed a “neutral” rating and set a $38.00 target price on shares of Main Street Capital in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.50.

Shares of MAIN traded down $0.53 during mid-day trading on Thursday, reaching $37.19. The stock had a trading volume of 244,452 shares, compared to its average volume of 300,791. The firm has a market cap of $2.30 billion, a P/E ratio of 14.30 and a beta of 0.96. Main Street Capital has a 12 month low of $31.95 and a 12 month high of $40.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.13 and a quick ratio of 0.13.

The business also recently declared a monthly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, May 17th. This represents a $2.40 annualized dividend and a dividend yield of 6.45%. Main Street Capital’s dividend payout ratio is presently 92.31%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bruderman Asset Management LLC acquired a new stake in shares of Main Street Capital during the fourth quarter valued at $29,000. Kwmg LLC bought a new stake in Main Street Capital during the 4th quarter worth approximately $67,000. CX Institutional grew its position in Main Street Capital by 2,788.0% during the 4th quarter. CX Institutional now owns 5,776 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 5,576 shares during the last quarter. Paloma Partners Management Co bought a new stake in Main Street Capital during the 3rd quarter worth approximately $210,000. Finally, Trexquant Investment LP bought a new stake in Main Street Capital during the 3rd quarter worth approximately $211,000. Institutional investors and hedge funds own 22.92% of the company’s stock.

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.

See Also: Gross Domestic Product (GDP)

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Earnings History and Estimates for Main Street Capital (NYSE:MAIN)

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