Main Street Capital (NYSE:MAIN) issued its earnings results on Thursday. The financial services provider reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01), Briefing.com reports. Main Street Capital had a net margin of 65.74% and a return on equity of 10.57%. The firm had revenue of $60.07 million during the quarter, compared to the consensus estimate of $61.26 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis.
Shares of MAIN stock traded down $1.29 during trading on Friday, hitting $42.03. The company’s stock had a trading volume of 687,219 shares, compared to its average volume of 238,364. The company has a market cap of $2.75 billion, a PE ratio of 16.17 and a beta of 0.79. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $42.74 and a 200-day moving average of $41.84. Main Street Capital has a 52 week low of $31.95 and a 52 week high of $44.35.
A number of brokerages have commented on MAIN. B. Riley set a $43.00 price objective on Main Street Capital and gave the stock a “buy” rating in a report on Tuesday, August 20th. Raymond James lowered Main Street Capital from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 22nd. They noted that the move was a valuation call. National Securities began coverage on Main Street Capital in a report on Monday, September 23rd. They issued a “neutral” rating and a $40.00 target price for the company. Finally, Zacks Investment Research lowered Main Street Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.
Main Street Capital Company Profile
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
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