Wall Street analysts predict that Monroe Capital Corp (NASDAQ:MRCC) will post earnings per share of $0.35 for the current quarter, Zacks reports. Five analysts have provided estimates for Monroe Capital’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.37. Monroe Capital reported earnings per share of $0.39 during the same quarter last year, which suggests a negative year-over-year growth rate of 10.3%. The firm is expected to report its next earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that Monroe Capital will report full year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.50. For the next financial year, analysts forecast that the business will report earnings of $1.50 per share, with EPS estimates ranging from $1.40 to $1.59. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). The company had revenue of $16.16 million for the quarter, compared to analysts’ expectations of $16.58 million. Monroe Capital had a return on equity of 11.59% and a net margin of 19.97%.
Shares of MRCC stock traded up $0.07 during midday trading on Friday, reaching $11.48. 5,913 shares of the company traded hands, compared to its average volume of 85,522. Monroe Capital has a 1-year low of $9.10 and a 1-year high of $14.65. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 1.39. The company has a market cap of $233.22 million, a price-to-earnings ratio of 7.32 and a beta of 1.14.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 12.20%. The ex-dividend date of this dividend is Thursday, June 13th. Monroe Capital’s dividend payout ratio (DPR) is currently 89.17%.
Several large investors have recently added to or reduced their stakes in the business. Cliffwater LLC raised its holdings in Monroe Capital by 2.6% in the 4th quarter. Cliffwater LLC now owns 216,076 shares of the financial services provider’s stock valued at $2,074,000 after buying an additional 5,434 shares during the last quarter. BlackRock Inc. grew its holdings in Monroe Capital by 10.0% during the 3rd quarter. BlackRock Inc. now owns 98,961 shares of the financial services provider’s stock valued at $1,343,000 after buying an additional 8,959 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Monroe Capital by 16.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 79,199 shares of the financial services provider’s stock valued at $760,000 after buying an additional 11,091 shares in the last quarter. Wiley BROS. Aintree Capital LLC purchased a new position in shares of Monroe Capital during the fourth quarter worth about $186,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Monroe Capital by 12.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 143,124 shares of the financial services provider’s stock worth $1,373,000 after purchasing an additional 15,514 shares in the last quarter. Hedge funds and other institutional investors own 21.61% of the company’s stock.
About Monroe Capital
Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.
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