Monroe Capital Corp (NASDAQ:MRCC) Expected to Announce Earnings of $0.35 Per Share

Brokerages forecast that Monroe Capital Corp (NASDAQ:MRCC) will report earnings of $0.35 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Monroe Capital’s earnings, with estimates ranging from $0.35 to $0.36. Monroe Capital reported earnings of $0.38 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The company is expected to report its next earnings results on Tuesday, March 3rd.

On average, analysts expect that Monroe Capital will report full year earnings of $1.40 per share for the current year. For the next year, analysts expect that the firm will report earnings of $1.42 per share, with EPS estimates ranging from $1.40 to $1.50. Zacks’ EPS calculations are an average based on a survey of analysts that cover Monroe Capital.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. Monroe Capital had a return on equity of 11.38% and a net margin of 24.99%. The company had revenue of $17.33 million during the quarter, compared to analysts’ expectations of $17.60 million.

A number of research analysts recently commented on the company. ValuEngine downgraded Monroe Capital from a “hold” rating to a “sell” rating in a report on Friday, November 8th. B. Riley set a $12.00 price target on Monroe Capital and gave the company a “hold” rating in a report on Tuesday, August 20th. Finally, Zacks Investment Research raised Monroe Capital from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $13.00.

A number of institutional investors and hedge funds have recently modified their holdings of MRCC. Rothschild Investment Corp IL boosted its holdings in Monroe Capital by 10.2% in the second quarter. Rothschild Investment Corp IL now owns 85,341 shares of the financial services provider’s stock valued at $985,000 after purchasing an additional 7,891 shares during the last quarter. Quad Cities Investment Group LLC raised its stake in Monroe Capital by 164.1% during the second quarter. Quad Cities Investment Group LLC now owns 8,187 shares of the financial services provider’s stock valued at $95,000 after buying an additional 5,087 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Monroe Capital by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 137,417 shares of the financial services provider’s stock valued at $1,585,000 after buying an additional 2,488 shares in the last quarter. Ashfield Capital Partners LLC raised its stake in Monroe Capital by 5.9% during the second quarter. Ashfield Capital Partners LLC now owns 127,887 shares of the financial services provider’s stock valued at $1,476,000 after buying an additional 7,151 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in Monroe Capital by 2.8% during the second quarter. Stephens Inc. AR now owns 57,138 shares of the financial services provider’s stock valued at $659,000 after buying an additional 1,551 shares in the last quarter. 21.94% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ MRCC traded down $0.01 during trading on Thursday, reaching $11.03. The company had a trading volume of 104,400 shares, compared to its average volume of 123,056. Monroe Capital has a twelve month low of $9.10 and a twelve month high of $13.38. The stock has a 50-day moving average price of $10.77 and a two-hundred day moving average price of $11.13. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $225.71 million, a PE ratio of 7.03 and a beta of 1.18.

Monroe Capital Company Profile

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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Earnings History and Estimates for Monroe Capital (NASDAQ:MRCC)

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