Main Street Capital Co. (MAIN) Expected to Announce Quarterly Sales of $52.73 Million

Wall Street analysts expect Main Street Capital Co. (NYSE:MAIN) to post $52.73 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Main Street Capital’s earnings. The highest sales estimate is $53.91 million and the lowest is $51.38 million. Main Street Capital reported sales of $46.83 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.6%. The company is expected to issue its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Main Street Capital will report full year sales of $52.73 million for the current financial year, with estimates ranging from $201.32 million to $203.86 million. For the next financial year, analysts anticipate that the firm will post sales of $224.53 million per share, with estimates ranging from $210.97 million to $231.49 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Main Street Capital.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The firm had revenue of $51.79 million for the quarter, compared to analyst estimates of $50.89 million. Main Street Capital had a return on equity of 10.14% and a net margin of 79.87%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 EPS.

A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Main Street Capital from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Thursday, August 10th. BidaskClub upgraded Main Street Capital from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. ValuEngine upgraded Main Street Capital from a “hold” rating to a “buy” rating in a report on Friday, September 1st. National Securities reiterated a “sell” rating and issued a $33.00 price target on shares of Main Street Capital in a report on Monday, November 6th. Finally, Raymond James Financial raised Main Street Capital from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.15.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAIN. Aperio Group LLC purchased a new stake in Main Street Capital during the second quarter valued at about $204,000. US Bancorp DE increased its holdings in shares of Main Street Capital by 15.6% in the second quarter. US Bancorp DE now owns 3,707 shares of the financial services provider’s stock worth $143,000 after buying an additional 500 shares during the period. IFP Advisors Inc increased its holdings in shares of Main Street Capital by 18.1% in the second quarter. IFP Advisors Inc now owns 14,883 shares of the financial services provider’s stock worth $572,000 after buying an additional 2,285 shares during the period. IFC Holdings Incorporated FL increased its holdings in shares of Main Street Capital by 23.3% in the second quarter. IFC Holdings Incorporated FL now owns 8,048 shares of the financial services provider’s stock worth $311,000 after buying an additional 1,520 shares during the period. Finally, Legal & General Group Plc increased its holdings in Main Street Capital by 17.2% during the 2nd quarter. Legal & General Group Plc now owns 147,826 shares of the financial services provider’s stock valued at $5,690,000 after purchasing an additional 21,729 shares during the period. Institutional investors and hedge funds own 27.23% of the company’s stock.

Main Street Capital (NYSE:MAIN) traded up $0.06 during trading hours on Thursday, hitting $40.24. The company’s stock had a trading volume of 273,214 shares, compared to its average volume of 234,719. The firm has a market cap of $2,318.69, a price-to-earnings ratio of 17.28 and a beta of 1.02. Main Street Capital has a 52-week low of $35.25 and a 52-week high of $41.79. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.10 and a quick ratio of 0.10.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend is Thursday, January 18th. Main Street Capital’s dividend payout ratio is 80.28%.

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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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