Wall Street brokerages expect Main Street Capital Co. (NYSE:MAIN) to report sales of $67.50 million for the current quarter, Zacks reports. Two analysts have made estimates for Main Street Capital’s earnings, with estimates ranging from $67.50 million to $67.51 million. Main Street Capital reported sales of $51.95 million during the same quarter last year, which indicates a positive year over year growth rate of 29.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 4th.
According to Zacks, analysts expect that Main Street Capital will report full year sales of $266.77 million for the current year, with estimates ranging from $266.71 million to $266.83 million. For the next year, analysts anticipate that the business will report sales of $284.26 million, with estimates ranging from $282.52 million to $285.99 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Main Street Capital.
Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, August 5th. The financial services provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.06. The business had revenue of $67.29 million for the quarter, compared to analysts’ expectations of $62.56 million. Main Street Capital had a net margin of 126.72% and a return on equity of 10.01%.
A number of large investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. acquired a new position in shares of Main Street Capital during the first quarter worth approximately $30,000. Simon Quick Advisors LLC acquired a new position in shares of Main Street Capital during the first quarter worth approximately $48,000. Evermay Wealth Management LLC acquired a new position in shares of Main Street Capital during the second quarter worth approximately $48,000. Gradient Investments LLC lifted its position in shares of Main Street Capital by 24.1% during the second quarter. Gradient Investments LLC now owns 1,979 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 384 shares in the last quarter. Finally, Endurance Wealth Management Inc. lifted its position in shares of Main Street Capital by 19.2% during the second quarter. Endurance Wealth Management Inc. now owns 3,100 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 17.42% of the company’s stock.
NYSE MAIN traded down $0.10 on Friday, reaching $41.50. The company’s stock had a trading volume of 238,014 shares, compared to its average volume of 324,327. The firm has a market cap of $2.85 billion, a PE ratio of 9.02 and a beta of 1.51. The business has a 50-day moving average price of $41.64 and a 200 day moving average price of $41.20. Main Street Capital has a 52 week low of $26.68 and a 52 week high of $43.56. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.20.
The company also recently declared a monthly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday, November 24th will be given a $0.21 dividend. The ex-dividend date is Tuesday, November 23rd. This represents a $2.52 dividend on an annualized basis and a yield of 6.07%. Main Street Capital’s dividend payout ratio (DPR) is presently 117.14%.
Main Street Capital Company Profile
Main Street Capital is a principal investment firm that provides long-term debt and equity capital to lower middle market companies. Main Street’s investments are primarily made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million.
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