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

Main Street Capital (NYSE:MAIN) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Main Street Capital to post earnings of $1.03 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $125.52 million. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. 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 Performance

NYSE MAIN opened at $50.70 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. Main Street Capital has a 1-year low of $37.70 and a 1-year high of $51.08. The firm has a market capitalization of $4.31 billion, a P/E ratio of 9.71 and a beta of 1.25. The business’s 50-day simple moving average is $47.26 and its 200-day simple moving average is $44.35.

Main Street Capital Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were issued a dividend of $0.30 per share. This is an increase from Main Street Capital’s previous dividend of $0.24. This represents a dividend yield of 8.37%. The ex-dividend date was Tuesday, March 19th. Main Street Capital’s dividend payout ratio (DPR) is presently 55.17%.

Analysts Set New Price Targets

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

About Main Street Capital

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.