Wall Street analysts expect Main Street Capital Co. (NYSE:MAIN) to report earnings of $0.59 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Main Street Capital’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.63. Main Street Capital reported earnings of $0.57 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The firm is expected to issue its next quarterly earnings report after the market closes on Thursday, February 22nd.

According to Zacks, analysts expect that Main Street Capital will report full-year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.32 to $2.39. For the next fiscal year, analysts expect that the firm will report earnings of $2.37 per share, with EPS estimates ranging from $2.28 to $2.42. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Main Street Capital.

Several research analysts recently issued reports on the company. Zacks Investment Research cut Main Street Capital from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Raymond James Financial raised Main Street Capital from an “underperform” rating to a “market perform” rating in a research report on Tuesday, November 7th. National Securities reaffirmed a “sell” rating and set a $33.00 target price on shares of Main Street Capital in a research report on Monday, November 6th. BidaskClub raised Main Street Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, ValuEngine cut Main Street Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.18.

Hedge funds have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. boosted its position in Main Street Capital by 89.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 148,463 shares of the financial services provider’s stock worth $5,904,000 after purchasing an additional 69,939 shares during the last quarter. Wellington Shields Capital Management LLC boosted its position in Main Street Capital by 72.0% in the third quarter. Wellington Shields Capital Management LLC now owns 59,700 shares of the financial services provider’s stock worth $2,373,000 after purchasing an additional 25,000 shares during the last quarter. Texas Yale Capital Corp. boosted its position in Main Street Capital by 9.3% in the third quarter. Texas Yale Capital Corp. now owns 70,423 shares of the financial services provider’s stock worth $2,799,000 after purchasing an additional 6,000 shares during the last quarter. Magnetar Financial LLC purchased a new position in Main Street Capital in the third quarter worth $1,056,000. Finally, Texan Capital Management boosted its position in Main Street Capital by 96,443.2% in the third quarter. Texan Capital Management now owns 140,953 shares of the financial services provider’s stock worth $5,603,000 after purchasing an additional 140,807 shares during the last quarter. 26.95% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital (NYSE MAIN) opened at $36.25 on Friday. The stock has a market capitalization of $2,106.05, a P/E ratio of 12.76 and a beta of 0.93. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.20. Main Street Capital has a 1 year low of $34.37 and a 1 year high of $41.79.

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Main Street Capital Company Profile

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

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