$0.63 EPS Expected for Main Street Capital Co. (MAIN) This Quarter
Brokerages expect Main Street Capital Co. (NYSE:MAIN) to report earnings of $0.63 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Main Street Capital’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.64. Main Street Capital reported earnings per share of $0.64 during the same quarter last year, which indicates a negative year-over-year growth rate of 1.6%. The company is scheduled to announce its next earnings report on Thursday, February 28th.
On average, 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 fiscal year, analysts anticipate that the firm will post earnings of $2.56 per share, with EPS estimates ranging from $2.47 to $2.60. Zacks’ EPS averages are an average based on a survey of analysts that cover Main Street Capital.
Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, November 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $58.26 million for the quarter, compared to analysts’ expectations of $59.19 million. Main Street Capital had a return on equity of 10.61% and a net margin of 95.77%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share.
In related news, Chairman Vincent D. Foster purchased 25,869 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was purchased at an average cost of $38.66 per share, for a total transaction of $1,000,095.54. Following the completion of the purchase, the chairman now directly owns 1,583,565 shares in the company, valued at $61,220,622.90. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.31% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC increased its stake in Main Street Capital by 5.0% in the fourth quarter. Sound Income Strategies LLC now owns 412,900 shares of the financial services provider’s stock valued at $14,831,000 after acquiring an additional 19,515 shares during the last quarter. Confluence Investment Management LLC lifted its holdings in shares of Main Street Capital by 21.3% during the fourth quarter. Confluence Investment Management LLC now owns 104,474 shares of the financial services provider’s stock valued at $3,532,000 after purchasing an additional 18,373 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Main Street Capital by 969,029.0% during the third quarter. Clearbridge Investments LLC now owns 300,430 shares of the financial services provider’s stock valued at $11,567,000 after acquiring an additional 300,399 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in Main Street Capital in the 3rd quarter worth approximately $221,000. Finally, Morgan Stanley grew its position in Main Street Capital by 29.3% in the 3rd quarter. Morgan Stanley now owns 212,861 shares of the financial services provider’s stock worth $8,195,000 after purchasing an additional 48,252 shares during the period. 23.42% of the stock is currently owned by institutional investors and hedge funds.
MAIN stock opened at $36.15 on Friday. 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 firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 15.13 and a beta of 0.87. Main Street Capital has a 1 year low of $31.95 and a 1 year high of $40.77.
The business also recently announced a monthly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a $0.195 dividend. This represents a $2.34 annualized dividend and a yield of 6.47%. The ex-dividend date is Friday, December 28th. Main Street Capital’s payout ratio is 97.91%.
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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