Main Street Capital (NYSE:MAIN) Issues Q4 2024 Earnings Guidance

Main Street Capital (NYSE:MAIN) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.070-1.090 for the period, compared to the consensus earnings per share estimate of 1.030. The company issued revenue guidance of -. Main Street Capital also updated its Q4 guidance to $1.01-$1.03 EPS.

Analyst Ratings Changes

Separately, B. Riley raised their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Stock Down 0.7 %

Shares of NYSE MAIN opened at $60.03 on Friday. The business has a 50-day moving average of $56.03 and a two-hundred day moving average of $52.35. Main Street Capital has a 1 year low of $43.52 and a 1 year high of $60.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 10.88 and a beta of 1.28.

Main Street Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a yield of 6.00%. Main Street Capital’s payout ratio is currently 54.35%.

Main Street Capital Company Profile

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.