Wall Street analysts expect Monroe Capital Corp (NASDAQ:MRCC) to post earnings of $0.35 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Monroe Capital’s earnings. Monroe Capital posted earnings of $0.38 per share during the same quarter last year, which suggests a negative year over year growth rate of 7.9%. The firm is scheduled to announce its next earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Monroe Capital will report full-year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.42. For the next fiscal year, analysts expect that the company will post earnings of $1.44 per share, with EPS estimates ranging from $1.38 to $1.50. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $16.72 million for the quarter, compared to analysts’ expectations of $17.00 million. Monroe Capital had a return on equity of 11.43% and a net margin of 18.88%.
Several hedge funds and other institutional investors have recently modified their holdings of MRCC. Tower Research Capital LLC TRC bought a new stake in Monroe Capital in the second quarter worth about $30,000. Crewe Advisors LLC bought a new stake in Monroe Capital in the second quarter worth about $32,000. Advisory Alpha LLC bought a new stake in Monroe Capital in the first quarter worth about $36,000. JPMorgan Chase & Co. bought a new stake in Monroe Capital in the second quarter worth about $48,000. Finally, Alera Investment Advisors LLC raised its position in Monroe Capital by 45.0% in the first quarter. Alera Investment Advisors LLC now owns 4,721 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 1,466 shares in the last quarter. Institutional investors and hedge funds own 22.38% of the company’s stock.
MRCC stock traded down $0.02 during mid-day trading on Friday, reaching $10.16. The company had a trading volume of 2,881 shares, compared to its average volume of 109,220. The company has a quick ratio of 4.21, a current ratio of 4.21 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $208.49 million, a P/E ratio of 6.48 and a beta of 1.17. Monroe Capital has a one year low of $9.10 and a one year high of $13.47. The stock’s 50-day simple moving average is $10.28 and its two-hundred day simple moving average is $11.43.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.78%. The ex-dividend date was Friday, September 13th. Monroe Capital’s dividend payout ratio is currently 89.17%.
About Monroe Capital
Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.
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