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

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

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The firm had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. 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 $50.90 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. 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 firm’s fifty day moving average price is $47.17 and its 200 day moving average price is $44.27. Main Street Capital has a 1-year low of $37.70 and a 1-year high of $50.90.

Main Street Capital Increases Dividend

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

Analyst Upgrades and Downgrades

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