Zacks: Analysts Anticipate Main Street Capital Co. (MAIN) to Post $0.63 EPS
Wall Street brokerages expect Main Street Capital Co. (NYSE:MAIN) to announce earnings of $0.63 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Main Street Capital’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.64. Main Street Capital reported earnings per share of $0.64 during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.6%. The company is expected to issue its next earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Main Street Capital will report full-year earnings of $2.55 per share for the current year, with EPS estimates ranging from $2.53 to $2.56. For the next financial year, analysts forecast that the firm will report earnings of $2.56 per share, with EPS estimates ranging from $2.47 to $2.60. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Main Street Capital.
Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, November 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. Main Street Capital had a return on equity of 10.61% and a net margin of 95.77%. The firm had revenue of $58.26 million for the quarter, compared to analyst estimates of $59.19 million. During the same quarter last year, the firm posted $0.60 EPS. The company’s revenue was up 12.5% on a year-over-year basis.
Shares of NYSE:MAIN opened at $36.34 on Friday. Main Street Capital has a 1-year low of $31.95 and a 1-year high of $40.77. The company has a market cap of $2.19 billion, a PE ratio of 15.21 and a beta of 0.87. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.22.
The business also recently announced a monthly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a dividend of $0.195 per share. The ex-dividend date is Friday, December 28th. This represents a $2.34 annualized dividend and a dividend yield of 6.44%. Main Street Capital’s dividend payout ratio (DPR) is presently 97.91%.
In other Main Street Capital news, Chairman Vincent D. Foster acquired 25,869 shares of the business’s stock in a transaction on Friday, November 16th. The stock was purchased at an average price of $38.66 per share, for a total transaction of $1,000,095.54. Following the transaction, the chairman now owns 1,583,565 shares in the company, valued at approximately $61,220,622.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.31% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of MAIN. Bank of New York Mellon Corp increased its stake in shares of Main Street Capital by 47.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 18,221 shares of the financial services provider’s stock valued at $693,000 after buying an additional 5,855 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Main Street Capital in the 2nd quarter valued at $327,000. Legal & General Group Plc increased its stake in shares of Main Street Capital by 5.3% in the 2nd quarter. Legal & General Group Plc now owns 229,561 shares of the financial services provider’s stock valued at $8,736,000 after buying an additional 11,488 shares during the period. BlueMountain Capital Management LLC increased its stake in shares of Main Street Capital by 17.1% in the 2nd quarter. BlueMountain Capital Management LLC now owns 10,255 shares of the financial services provider’s stock valued at $390,000 after buying an additional 1,499 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Main Street Capital by 18.6% in the 2nd quarter. Raymond James & Associates now owns 109,589 shares of the financial services provider’s stock valued at $4,171,000 after buying an additional 17,153 shares during the period. Hedge funds and other institutional investors own 23.42% 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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