FY2017 EPS Estimates for Main Street Capital Co. (MAIN) Boosted by SunTrust Banks

Main Street Capital Co. (NYSE:MAIN) – SunTrust Banks lifted their FY2017 earnings per share estimates for shares of Main Street Capital in a research report issued on Tuesday. SunTrust Banks analyst D. Mewhirter now forecasts that the financial services provider will earn $2.39 per share for the year, up from their prior estimate of $2.35. SunTrust Banks also issued estimates for Main Street Capital’s Q4 2017 earnings at $0.63 EPS.

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

MAIN has been the subject of several other reports. Zacks Investment Research upgraded Main Street Capital from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, November 8th. National Securities reiterated a “sell” rating and issued a $33.00 price target on shares of Main Street Capital in a research note on Monday, November 6th. BidaskClub cut Main Street Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 7th. Finally, Raymond James Financial upgraded Main Street Capital from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Main Street Capital currently has an average rating of “Hold” and an average price target of $39.18.

Shares of Main Street Capital (NYSE:MAIN) opened at $39.31 on Wednesday. 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 stock has a market capitalization of $2,230.00, a P/E ratio of 13.89 and a beta of 1.04. Main Street Capital has a 12 month low of $35.25 and a 12 month high of $41.79.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.28 annualized dividend and a yield of 5.80%. Main Street Capital’s dividend payout ratio is currently 80.57%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new position in shares of Main Street Capital during the second quarter worth $119,000. JPMorgan Chase & Co. increased its holdings in shares of Main Street Capital by 59.1% during the third quarter. JPMorgan Chase & Co. now owns 4,648 shares of the financial services provider’s stock worth $184,000 after buying an additional 1,727 shares in the last quarter. Good Life Advisors LLC acquired a new position in shares of Main Street Capital during the third quarter worth $203,000. GSA Capital Partners LLP acquired a new position in shares of Main Street Capital during the third quarter worth $208,000. Finally, Stifel Financial Corp acquired a new position in shares of Main Street Capital during the second quarter worth $231,000. Institutional investors and hedge funds own 27.04% of the company’s stock.

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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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