$ 67.50 million in expected sales for Main Street Capital Co. (NYSE: MAIN) this quarter
Brokerages expect Main Street Capital Co. (NYSE: MAIN) to report $ 67.50 million in revenue for the current fiscal quarter, Zacks reports. Two analysts made estimates for Main Street Capital’s earnings. The highest sales estimate is $ 67.51 million and the lowest is $ 67.50 million. Main Street Capital posted sales of $ 51.95 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.9%. The company is expected to release its next earnings report on Thursday, November 4.
According to Zacks, analysts expect Main Street Capital to report annual revenue of $ 266.77 million for the current fiscal year, with estimates ranging from $ 266.71 million to $ 266.83. millions of dollars. For the next fiscal year, analysts predict the company will post sales of $ 284.26 million, with estimates ranging from $ 282.52 million to $ 285.99 million. Zacks’ sales averages are an average based on a survey of seller-side research analysts who cover Main Street Capital.
Main Street Capital (NYSE: MAIN) last released its quarterly earnings data on Thursday, August 5. The financial services provider reported earnings per share (EPS) of $ 0.62 for the quarter, beating analysts’ consensus estimates of $ 0.56 by $ 0.06. Main Street Capital had a net margin of 126.72% and a return on equity of 10.01%. The company posted revenue of $ 67.29 million for the quarter, compared to $ 62.56 million expected by analysts.
A number of equity analysts have published reports on the stock. Raymond James increased his price target on Main Street Capital shares from $ 43.50 to $ 44.00 and gave the company an “outperformance” rating in a research report on Monday, August 9. Zacks Investment Research upgraded Main Street Capital shares from a “hold” rating to a “buy” rating and set a price target of $ 47.00 on the stock in a research report on Thursday, August 12.
MAIN action opened at $ 41.33 on Friday. The company’s 50-day mobile average price is $ 41.67 and its two-hundred-day mobile average price is $ 41.05. Main Street Capital has a 12 month low of $ 26.68 and a 12 month high of $ 43.56. The stock has a market cap of $ 2.84 billion, a price-to-earnings ratio of 8.98 and a beta of 1.51. The company has a current ratio of 0.10, a quick ratio of 0.10, and a debt ratio of 0.20.
The company also recently declared a monthly dividend, which will be paid on Wednesday, December 15. Investors of record on Wednesday, November 24 will receive a dividend of $ 0.21 per share. This represents an annualized dividend of $ 2.52 and a dividend yield of 6.10%. The ex-dividend date is Tuesday, November 23. Main Street Capital’s dividend payout ratio is currently 117.14%.
A number of institutional investors and hedge funds have recently changed their positions in the company. Price T Rowe Associates Inc. MD increased its stake in Main Street Capital by 8.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 953,045 shares of the financial services provider valued at $ 37,312,000 after purchasing an additional 76,669 shares during the period. Van ECK Associates Corp increased its holdings in Main Street Capital by 14.7% in the second quarter. Van ECK Associates Corp now owns 570,258 shares of the financial services provider valued at $ 23,432,000 after purchasing an additional 73,136 shares during the period. Morgan Stanley increased its stake in Main Street Capital by 24.5% in the second quarter. Morgan Stanley now owns 538,140 shares of the financial services provider valued at $ 22,112,000 after purchasing an additional 106,040 shares during the period. BlackRock Inc. increased its stake in Main Street Capital by 10.1% in the second quarter. BlackRock Inc. now owns 416,141 shares of the financial services provider valued at $ 17,100,000 after purchasing an additional 38,344 shares during the period. Finally, Sanders Morris Harris LLC increased its stake in Main Street Capital by 75.4% in the second quarter. Sanders Morris Harris LLC now owns 371,327 shares of the financial services provider valued at $ 15,258,000 after purchasing an additional 159,631 shares during the period. Institutional investors and hedge funds hold 17.42% of the company’s shares.
Main Street Capital Company Profile
Main Street Capital is a prime investment firm that provides long-term debt and equity to lower middle market companies. Main Street investments are primarily intended to support executive buyouts, recapitalizations, growth financings and acquisitions of companies operating in various industrial sectors and generally having annual revenues ranging from $ 10 million to $ 100 million. .
Further Reading: How To Read A Candlestick Chart
Get a Free Copy of Zacks’ Research Report on Main Street Capital (MAIN)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Main Street Capital now?
Before you consider Main Street Capital, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the larger market takes hold of… and Main Street Capital was not on the list.
While Main Street Capital currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here