Wall Street analysts expect Monroe Capital Corp (NASDAQ:MRCC) to announce sales of $17.00 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Monroe Capital’s earnings. The lowest sales estimate is $16.54 million and the highest is $17.56 million. Monroe Capital posted sales of $14.82 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The business is scheduled to issue its next earnings results on Tuesday, August 6th.

On average, analysts expect that Monroe Capital will report full-year sales of $68.69 million for the current year, with estimates ranging from $66.92 million to $71.84 million. For the next year, analysts anticipate that the company will post sales of $74.93 million, with estimates ranging from $71.11 million to $85.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Monroe Capital.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). Monroe Capital had a net margin of 19.97% and a return on equity of 11.59%. The company had revenue of $16.16 million during the quarter, compared to the consensus estimate of $16.58 million.

A number of equities research analysts have commented on MRCC shares. Zacks Investment Research upgraded Monroe Capital from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, March 12th. BidaskClub lowered Monroe Capital from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. ValuEngine upgraded Monroe Capital from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, National Securities restated a “neutral” rating and set a $13.00 target price on shares of Monroe Capital in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $13.13.

Institutional investors have recently made changes to their positions in the stock. Cliffwater LLC boosted its position in shares of Monroe Capital by 2.6% during the 4th quarter. Cliffwater LLC now owns 216,076 shares of the financial services provider’s stock valued at $2,074,000 after purchasing an additional 5,434 shares in the last quarter. BlackRock Inc. boosted its position in shares of Monroe Capital by 10.0% during the 3rd quarter. BlackRock Inc. now owns 98,961 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 8,959 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Monroe Capital by 16.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 79,199 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 11,091 shares in the last quarter. Wiley BROS. Aintree Capital LLC bought a new stake in shares of Monroe Capital during the 4th quarter valued at about $186,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Monroe Capital by 3.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 116,082 shares of the financial services provider’s stock valued at $1,114,000 after purchasing an additional 3,437 shares in the last quarter. Institutional investors own 24.86% of the company’s stock.

Shares of NASDAQ MRCC traded up $0.01 during trading on Friday, reaching $12.12. The company had a trading volume of 9,849 shares, compared to its average volume of 120,731. Monroe Capital has a 12 month low of $9.10 and a 12 month high of $14.65. The firm has a market capitalization of $247.59 million, a PE ratio of 7.72 and a beta of 1.14. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 1.39.

About Monroe Capital

Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.

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Earnings History and Estimates for Monroe Capital (NASDAQ:MRCC)

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