Main Street Capital (MAIN) Set to Announce Quarterly Earnings on Thursday

Main Street Capital (NYSE:MAIN) will be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $1.03 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The firm had revenue of $129.31 million for the quarter, compared to analysts’ expectations of $125.52 million. On average, analysts expect Main Street Capital to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Main Street Capital Stock Up 0.1 %

NYSE:MAIN opened at $50.70 on Wednesday. Main Street Capital has a twelve month low of $37.70 and a twelve month high of $51.08. The stock has a fifty day simple moving average of $47.26 and a 200-day simple moving average of $44.35. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 9.71 and a beta of 1.25. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14.

Main Street Capital Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were issued a $0.30 dividend. This represents a dividend yield of 8.37%. This is a boost from Main Street Capital’s previous dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 19th. Main Street Capital’s dividend payout ratio is currently 55.17%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, February 26th. Royal Bank of Canada lifted their price objective on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. UBS Group upped their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Oppenheimer lifted their price target on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $46.17.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.