Wall Street brokerages expect Main Street Capital Corporation (NYSE:MAIN) to report earnings per share of $0.57 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Main Street Capital Corporation’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.56. Main Street Capital Corporation posted earnings of $0.58 per share in the same quarter last year, which would suggest a negative year over year growth rate of 1.7%. The business is expected to report its next earnings results on Thursday, November 2nd.

On average, analysts expect that Main Street Capital Corporation will report full-year earnings of $2.30 per share for the current year, with EPS estimates ranging from $2.28 to $2.32. For the next financial year, analysts forecast that the company will report earnings of $2.33 per share, with EPS estimates ranging from $2.29 to $2.37. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Main Street Capital Corporation.

Main Street Capital Corporation (NYSE:MAIN) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Main Street Capital Corporation had a net margin of 86.36% and a return on equity of 10.24%. The firm had revenue of $50.30 million during the quarter, compared to analysts’ expectations of $47.82 million. During the same period in the previous year, the business posted $0.54 EPS. The business’s revenue was up 17.2% compared to the same quarter last year.

A number of equities analysts recently weighed in on the stock. Vetr upgraded shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $40.90 price objective on the stock in a research report on Wednesday, May 10th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Main Street Capital Corporation in a research report on Wednesday, May 10th. Zacks Investment Research upgraded shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Thursday. Citigroup Inc. lowered shares of Main Street Capital Corporation from a “market perform” rating to an “underperform” rating in a research report on Wednesday, May 10th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $40.00 price objective (up from $35.00) on shares of Main Street Capital Corporation in a research report on Thursday, May 18th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Main Street Capital Corporation presently has an average rating of “Hold” and a consensus price target of $38.98.

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Main Street Capital Corporation (NYSE MAIN) traded down 0.08% during trading on Friday, hitting $39.86. 288,110 shares of the company traded hands. Main Street Capital Corporation has a 52-week low of $32.12 and a 52-week high of $40.86. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 13.09 and a beta of 1.04. The company’s 50-day moving average is $38.89 and its 200 day moving average is $38.22.

The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.19 per share. The ex-dividend date is Monday, November 20th. This represents a $2.28 annualized dividend and a dividend yield of 5.72%. Main Street Capital Corporation’s payout ratio is currently 72.79%.

Large investors have recently modified their holdings of the company. Muzinich & Co. Inc. raised its stake in shares of Main Street Capital Corporation by 6.1% in the second quarter. Muzinich & Co. Inc. now owns 2,313,404 shares of the financial services provider’s stock valued at $88,974,000 after buying an additional 133,731 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Main Street Capital Corporation by 2.0% in the first quarter. Macquarie Group Ltd. now owns 997,894 shares of the financial services provider’s stock valued at $38,189,000 after buying an additional 19,559 shares during the last quarter. UBS Group AG raised its stake in shares of Main Street Capital Corporation by 90.7% in the first quarter. UBS Group AG now owns 663,492 shares of the financial services provider’s stock valued at $25,392,000 after buying an additional 315,622 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Main Street Capital Corporation by 22.9% in the second quarter. Van ECK Associates Corp now owns 381,415 shares of the financial services provider’s stock valued at $14,669,000 after buying an additional 70,945 shares during the last quarter. Finally, Usca Ria LLC raised its stake in shares of Main Street Capital Corporation by 127.4% in the second quarter. Usca Ria LLC now owns 372,302 shares of the financial services provider’s stock valued at $14,319,000 after buying an additional 208,555 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

About Main Street Capital Corporation

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

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