Main Street Capital (MAIN) Scheduled to Post Quarterly Earnings on Thursday

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

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $129.31 million for the quarter, compared to the consensus estimate 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

Shares of MAIN stock opened at $50.90 on Tuesday. Main Street Capital has a 52 week low of $37.70 and a 52 week high of $50.90. The firm’s 50-day simple moving average is $47.17 and its two-hundred day simple moving average is $44.27. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 9.75 and a beta of 1.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09.

Main Street Capital Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.30 per share. This represents a dividend yield of 8.37%. The ex-dividend date was Tuesday, March 19th. This is a boost from Main Street Capital’s previous dividend of $0.24. Main Street Capital’s dividend payout ratio is currently 55.17%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Truist Financial boosted their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, February 26th. B. Riley cut Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a report on Monday, January 8th. UBS Group boosted their price objective on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Oppenheimer raised their target price on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Main Street Capital currently has a consensus rating of “Hold” and a consensus 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.