Main Street Capital (NYSE:MAIN) announced its quarterly earnings results on Thursday. The financial services provider reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.01), Briefing.com reports. Main Street Capital had a return on equity of 10.57% and a net margin of 65.74%. The business had revenue of $60.07 million for the quarter, compared to analyst estimates of $61.26 million. During the same quarter last year, the company earned $0.63 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year.
NYSE:MAIN traded down $1.29 during midday trading on Friday, reaching $42.03. The stock had a trading volume of 687,219 shares, compared to its average volume of 238,364. Main Street Capital has a 1-year low of $31.95 and a 1-year high of $44.35. The firm’s fifty day simple moving average is $42.74 and its 200-day simple moving average is $41.84. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $2.75 billion, a P/E ratio of 16.17 and a beta of 0.79.
MAIN has been the topic of several analyst reports. Raymond James lowered shares of Main Street Capital from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 22nd. They noted that the move was a valuation call. National Securities initiated coverage on shares of Main Street Capital in a research note on Monday, September 23rd. They set a “neutral” rating and a $40.00 price target on the stock. Zacks Investment Research lowered shares of Main Street Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, B. Riley set a $43.00 price target on shares of Main Street Capital and gave the stock a “buy” rating in a research note on Tuesday, August 20th.
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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