Main Street Capital (NYSE:MAIN) Issues Earnings Results, Misses Estimates By $0.06 EPS

Main Street Capital (NYSE:MAIN) posted its quarterly earnings results on Thursday. The financial services provider reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06), Zacks reports. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The business had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $141.40 million.

Main Street Capital Price Performance

NYSE:MAIN traded up $0.87 during trading hours on Friday, reaching $59.81. The stock had a trading volume of 227,109 shares, compared to its average volume of 508,120. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. Main Street Capital has a 52 week low of $45.00 and a 52 week high of $63.31. The company has a 50 day moving average price of $59.91 and a two-hundred day moving average price of $54.45. The stock has a market capitalization of $5.27 billion, a PE ratio of 10.80 and a beta of 1.28.

Main Street Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 6th will be paid a $0.25 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Friday, June 6th. Main Street Capital’s payout ratio is 54.35%.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price target on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.80.

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.