$ 73.10 million in expected sales for Main Street Capital Co. (NYSE: MAIN) this quarter

Wall Street brokers expect Main Street Capital Co. (NYSE: MAIN) to report $ 73.10 million in revenue for the current fiscal quarter, according to Zacks Investment Research. Three analysts made estimates for Main Street Capital earnings. The highest sales estimate is $ 74.14 million and the lowest is $ 71.61 million. Main Street Capital reported sales of $ 62.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 17%. The company is expected to release its next quarterly results on Thursday, February 24.

Zacks says analysts expect Main Street Capital to report annual revenue of $ 279.98 million for the current fiscal year, with estimates ranging from $ 278.49 million to $ 281.02 millions of dollars. For the next fiscal year, analysts predict the company will post sales of $ 299.65 million, with estimates ranging from $ 291.11 million to $ 309.89 million. Zacks Investment Research’s sales calculations are an average based on a survey of sales analysts who follow Main Street Capital.

Main Street Capital (NYSE: MAIN) last released its quarterly results on Thursday, November 4. The financial services provider reported earnings per share of $ 0.71 for the quarter, beating the consensus estimate of $ 0.63 by $ 0.08. The company posted revenue of $ 76.78 million in the quarter, compared to analysts’ expectations of $ 67.78 million. Main Street Capital recorded a return on equity of 10.79% and a net margin of 117.18%. In the same quarter of the previous year, the company posted earnings per share of $ 0.46.

Several equity research analysts recently weighed in on MAJOR stocks. Zacks Investment Research downgraded Main Street Capital from a “hold” rating to a “buy” rating and set a price target of $ 49.00 for the company in a research note on Wednesday, October 27. Truist Securities raised its target price on Main Street Capital from $ 40.00 to $ 43.00 and assigned the stock a “hold” rating in a research note on Thursday, November 11. Royal Bank of Canada raised its target price on Main Street Capital from $ 45 to $ 48.00 and rated the stock as “outperforming” in a research note on Tuesday, November 9. Oppenheimer launched coverage on Main Street Capital in a research note on Tuesday, October 5. They set a “market performance” rating and a target price of $ 39 for the company. Finally, Raymond James raised his target price on Main Street Capital from $ 44.00 to $ 47.00 and gave the stock an “outperformance” rating in a research note on Monday, November 8. Three analysts rated the stock with a conservation rating and three issued a buy rating for the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $ 44.83.

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A number of large investors have recently changed their positions in the company. Private Advisor Group LLC increased its equity stake in Main Street Capital by 38.1% in the third quarter. Private Advisor Group LLC now owns 43,068 shares of the financial services provider valued at $ 1,770,000 after purchasing an additional 11,888 shares in the last quarter. Atom Investors LP purchased a new position in Main Street Capital shares in the second quarter valued at approximately $ 259,000. Bank of New York Mellon Corp increased its holdings of Main Street Capital shares by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 117,437 shares of the financial services provider valued at $ 4,826,000 after purchasing an additional 9,673 shares in the last quarter. Royal Bank of Canada increased its holdings of Main Street Capital shares by 14.5% in the second quarter. Royal Bank of Canada now owns 138,702 shares of the financial services provider valued at $ 5,700,000 after purchasing an additional 17,608 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings of Main Street Capital shares by 1.6% in the second quarter. Baird Financial Group Inc. now owns 38,341 shares of the financial services provider valued at $ 1,575,000 after purchasing an additional 587 shares last quarter. Institutional investors and hedge funds hold 17.51% of the company’s shares.

MAIN shares opened at $ 44.00 on Friday. The stock has a market cap of $ 3.06 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 2.08 and a beta of 1.45. The stock has a 50-day moving average of $ 44.34 and a 200-day moving average of $ 42.58. The company has a current ratio of 0.09, a quick ratio of 0.09, and a debt ratio of 0.20. Main Street Capital has a one-year low of $ 30.82 and a one-year high of $ 47.13.

The company also recently declared a dividend, which will be paid on Thursday, December 30. Shareholders of record on Wednesday, December 22 will receive a dividend of $ 0.10. The ex-dividend date for this dividend is Tuesday, December 21. Main Street Capital’s payout ratio is currently 54.31%.

About Main Street Capital

Main Street Capital is a premier investment firm that provides long-term debt and equity to lower middle market companies. Main Street investments are primarily intended to support business 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. .

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Main Street Capital earnings history and estimates (NYSE: MAIN)

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