Main Street Capital (NYSE:MAIN) Issues Q3 2024 Earnings Guidance

Main Street Capital (NYSE:MAIN) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.050-1.070 for the period, compared to the consensus estimate of 1.020. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

MAIN has been the subject of a number of analyst reports. Oppenheimer upped their price target on Main Street Capital from $43.00 to $44.00 and gave the stock a market perform rating in a report on Tuesday, August 13th. Royal Bank of Canada restated an outperform rating and issued a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $48.40.

Main Street Capital Price Performance

Main Street Capital stock opened at $51.13 on Tuesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.38 billion, a P/E ratio of 9.33 and a beta of 1.30. The company has a 50-day moving average price of $49.66 and a 200 day moving average price of $49.49. Main Street Capital has a 12-month low of $37.70 and a 12-month high of $52.39.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $132.15 million during the quarter, compared to analysts’ expectations of $132.62 million. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. During the same quarter last year, the firm earned $1.06 earnings per share. Sell-side analysts anticipate that Main Street Capital will post 4.12 earnings per share for the current year.

Main Street Capital Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.30 dividend. This represents a yield of 7.66%. The ex-dividend date was Friday, September 20th. Main Street Capital’s payout ratio is 53.65%.

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.