Main Street Capital Corporation (MAIN) Issues Earnings Results, Beats Estimates By $0.03 EPS
Main Street Capital Corporation (NYSE:MAIN) issued its earnings results on Thursday. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03, Bloomberg Earnings reports. Main Street Capital Corporation had a return on equity of 10.32% and a net margin of 79.87%. The business had revenue of $51.79 million for the quarter, compared to the consensus estimate of $50.89 million. During the same period last year, the business posted $0.58 EPS. The company’s revenue was up 11.1% compared to the same quarter last year.
Main Street Capital Corporation (MAIN) traded up $0.85 during mid-day trading on Friday, hitting $40.96. The stock had a trading volume of 225,330 shares, compared to its average volume of 183,978. The stock has a market cap of $2,330.00, a P/E ratio of 17.36 and a beta of 1.05. Main Street Capital Corporation has a 52-week low of $32.18 and a 52-week high of $41.06. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.20.
The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a $0.19 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.57%. Main Street Capital Corporation’s dividend payout ratio (DPR) is currently 80.57%.
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Several analysts have commented on MAIN shares. Zacks Investment Research upgraded Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Thursday, August 10th. BidaskClub downgraded Main Street Capital Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine upgraded Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, National Securities reiterated a “sell” rating and set a $33.00 target price on shares of Main Street Capital Corporation in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $38.98.
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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