$60.00 Million in Sales Expected for Main Street Capital Co. (MAIN) This Quarter
Wall Street analysts expect Main Street Capital Co. (NYSE:MAIN) to announce sales of $60.00 million for the current quarter, Zacks reports. Three analysts have provided estimates for Main Street Capital’s earnings. The highest sales estimate is $61.33 million and the lowest is $58.85 million. Main Street Capital posted sales of $55.94 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The firm is expected to report its next earnings report on Thursday, May 2nd.
On average, analysts expect that Main Street Capital will report full-year sales of $249.36 million for the current fiscal year, with estimates ranging from $238.45 million to $257.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $269.87 million, with estimates ranging from $246.06 million to $289.06 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Main Street Capital.
Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, February 28th. The financial services provider reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.05. The firm had revenue of $59.28 million for the quarter, compared to analyst estimates of $59.60 million. Main Street Capital had a net margin of 72.08% and a return on equity of 10.76%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bruderman Asset Management LLC bought a new position in shares of Main Street Capital in the fourth quarter worth about $29,000. First Financial Corp IN bought a new position in shares of Main Street Capital in the first quarter worth about $37,000. Kwmg LLC bought a new position in shares of Main Street Capital in the fourth quarter worth about $67,000. CX Institutional raised its stake in shares of Main Street Capital by 2,788.0% in the fourth 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. Finally, Paloma Partners Management Co bought a new position in shares of Main Street Capital in the third quarter worth about $210,000. 23.26% of the stock is owned by institutional investors.
NYSE:MAIN traded down $0.07 on Friday, reaching $38.24. The stock had a trading volume of 131,932 shares, compared to its average volume of 245,368. The firm has a market cap of $2.37 billion, a PE ratio of 14.71 and a beta of 0.95. Main Street Capital has a 1-year low of $31.95 and a 1-year high of $40.77. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.23.
The company also recently declared a monthly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 20th will be given a $0.20 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.40 dividend on an annualized basis and a yield of 6.28%. Main Street Capital’s dividend payout ratio (DPR) is presently 92.31%.
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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