Zacks: Brokerages Expect Main Street Capital Co. (MAIN) Will Post Quarterly Sales of $53.07 Million

Brokerages expect Main Street Capital Co. (NYSE:MAIN) to report $53.07 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Main Street Capital’s earnings, with the lowest sales estimate coming in at $51.38 million and the highest estimate coming in at $55.19 million. Main Street Capital posted sales of $46.83 million in the same quarter last year, which suggests a positive year over year growth rate of 13.3%. The business is scheduled to report its next earnings report after the market closes on Thursday, February 22nd.

On average, analysts expect that Main Street Capital will report full year sales of $53.07 million for the current fiscal year, with estimates ranging from $201.32 million to $205.13 million. For the next fiscal year, analysts expect that the business will post sales of $223.27 million per share, with estimates ranging from $210.97 million to $231.49 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Main Street Capital.

Several brokerages have weighed in on MAIN. Raymond James Financial upgraded Main Street Capital from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. BidaskClub upgraded Main Street Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research downgraded Main Street Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine downgraded Main Street Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, National Securities restated a “sell” rating and issued a $33.00 price target on shares of Main Street Capital in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Main Street Capital presently has an average rating of “Hold” and a consensus target price of $39.18.

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Main Street Capital by 59.1% in the third quarter. JPMorgan Chase & Co. now owns 4,648 shares of the financial services provider’s stock valued at $184,000 after buying an additional 1,727 shares in the last quarter. Good Life Advisors LLC purchased a new stake in shares of Main Street Capital in the third quarter valued at approximately $203,000. Strid Group LLC purchased a new stake in shares of Main Street Capital in the fourth quarter valued at approximately $204,000. King Wealth Management Group LLC purchased a new stake in shares of Main Street Capital in the fourth quarter valued at approximately $205,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Main Street Capital in the third quarter valued at approximately $208,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Main Street Capital (MAIN) opened at $36.87 on Tuesday. Main Street Capital has a 12 month low of $34.37 and a 12 month high of $41.79. The firm has a market capitalization of $2,090.00, a P/E ratio of 13.03 and a beta of 0.94. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.20.

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About Main Street Capital

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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