Monroe Capital Corporation (MRCC) to Release Earnings on Tuesday
Monroe Capital Corporation (NASDAQ:MRCC) is set to release its earnings data after the market closes on Tuesday, November 7th. Analysts expect Monroe Capital Corporation to post earnings of $0.34 per share for the quarter.
Monroe Capital Corporation (NASDAQ:MRCC) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Monroe Capital Corporation had a net margin of 31.60% and a return on equity of 9.39%. The business had revenue of $12.27 million during the quarter, compared to analyst estimates of $12.40 million. On average, analysts expect Monroe Capital Corporation to post $1.4 EPS for the current fiscal year and $1.47 EPS for the next fiscal year.
Monroe Capital Corporation (MRCC) opened at 14.57 on Tuesday. The company has a 50-day moving average of $14.15 and a 200 day moving average of $14.81. Monroe Capital Corporation has a one year low of $13.32 and a one year high of $16.20.
In related news, Chairman Theodore L. Koenig bought 21,800 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were bought at an average price of $13.61 per share, for a total transaction of $296,698.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.
A number of brokerages have recently issued reports on MRCC. Zacks Investment Research upgraded shares of Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Ladenburg Thalmann Financial Services upgraded shares of Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, August 10th. BidaskClub downgraded shares of Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. TheStreet downgraded shares of Monroe Capital Corporation from a “b” rating to a “c+” rating in a research report on Friday, August 25th. Finally, National Securities restated a “buy” rating and issued a $17.00 price target on shares of Monroe Capital Corporation in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Monroe Capital Corporation currently has a consensus rating of “Hold” and an average price target of $16.50.
Monroe Capital Corporation Company Profile
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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