Equity research analysts expect Main Street Capital Co. (NYSE: MAIN – Get Rating) to report sales of $82.59 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates of Main Street Capital’s earnings, with the highest sales estimate of $83.96 million and the lowest estimate of $79.86 million. Main Street Capital posted sales of $62.81 million in the same quarter last year, which would indicate a positive growth rate of 31.5% year over year. The company is due to announce its next results on Thursday, May 5.
On average, analysts expect Main Street Capital to report annual sales of $340.81 million for the current year, with estimates ranging from $333.99 million to $346.62 million. . For the next fiscal year, analysts expect the company to report sales of $369.07 million, with estimates ranging from $358.41 million to $378.33 million. Zacks sales averages are an average based on a survey of analysts who cover Main Street Capital.
Main Street Capital (NYSE:MAIN – Get Rating) last reported quarterly earnings data on Thursday, February 24. The financial services provider reported EPS of $0.77 for the quarter. Main Street Capital had a net margin of 114.43% and a return on equity of 11.22%. The company had revenue of $82.17 million for the quarter.
Several analysts have weighed in on MAIN shares. Hovde Group took over coverage from Main Street Capital in a Monday, March 7 research report. They issued a “market performance” rating and a price target of $44.00 for the company. TheStreet downgraded Main Street Capital from a “b” to a “c+” rating in a Friday, February 25 research note. Finally, Zacks Investment Research upgraded Main Street Capital from a “hold” rating to a “buy” rating and set a target price of $48.00 on the stock in a Tuesday, Feb. 1 research note. Three equity research analysts gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $44.83.
In related news, director Vincent D. Foster sold 50,000 shares of Main Street Capital in a trade on Wednesday, March 2. The stock was sold at an average price of $43.15, for a total value of $2,157,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders of the company hold 4.92% of the shares of the company.
Institutional investors have recently bought and sold shares of the company. Marshall Wace North America LP acquired a new position in Main Street Capital in Q1 worth $30,000. EverSource Wealth Advisors LLC acquired a new stake in Main Street Capital in Q4 for approximately $38,000. Moors & Cabot Inc. bought a new stock position in Main Street Capital during Q3 for $41,000. Rockefeller Capital Management LP increased its position in Main Street Capital by 53.4% in the third quarter. Rockefeller Capital Management LP now owns 1,014 shares of the financial services provider worth $41,000 after buying 353 additional shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Main Street Capital during Q3, valued at around $51,000. Institutional investors hold 17.84% of the company’s shares.
Shares of MAIN opened at $39.94 on Tuesday. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.34, a growth price-to-earnings ratio of 1.76 and a beta of 1.39. Main Street Capital has a 52-week low of $37.43 and a 52-week high of $47.13. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt ratio of 0.19. The company has a 50-day moving average of $43.02 and a 200-day moving average of $43.18.
The company also recently announced a dividend, which will be paid on Wednesday, March 30. Investors of record on Tuesday, March 22 will receive a dividend of $0.075. The ex-dividend date is Monday, March 21. Main Street Capital’s dividend payout ratio (DPR) is currently 53.86%.
Main Street Capital Company Profile (Get a rating)
Main Street Capital is a primary investment firm that provides long-term debt and equity capital to lower middle market companies. Main Street investments are primarily made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in various industry sectors and typically have annual revenues ranging from $10 million to $100 million. of dollars.
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