Main Street Capital (MAIN) Projected to Post Earnings on Thursday

Main Street Capital (NYSE:MAIN - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $1.00 per share and revenue of $137.50 million for the quarter.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.06). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The firm had revenue of $140.44 million during the quarter, compared to the consensus estimate of $141.40 million. On average, analysts expect Main Street Capital to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Main Street Capital Price Performance

Shares of NYSE MAIN traded up $0.09 during mid-day trading on Tuesday, reaching $53.19. 184,749 shares of the company were exchanged, compared to its average volume of 445,075. The company's 50 day moving average price is $55.26 and its 200 day moving average price is $56.29. Main Street Capital has a 52 week low of $45.00 and a 52 week high of $63.32. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $4.71 billion, a PE ratio of 9.63 and a beta of 0.86.

Main Street Capital Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, May 9th will be issued a $0.25 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, May 8th. Main Street Capital's dividend payout ratio (DPR) is presently 51.37%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MAIN. UBS Group lowered their price target on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Truist Financial boosted their price target on Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, March 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $52.60.

Insider Transactions at Main Street Capital

In other Main Street Capital news, insider David L. Magdol sold 100,000 shares of Main Street Capital stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the completion of the sale, the insider now owns 377,182 shares of the company's stock, valued at approximately $21,895,415.10. The trade was a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the transaction, the chief executive officer now directly owns 402,371 shares of the company's stock, valued at approximately $23,357,636.55. This trade represents a 22.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Main Street Capital stock. Brighton Jones LLC purchased a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,185 shares of the financial services provider's stock, valued at approximately $304,000. 20.31% of the stock is owned by institutional investors.

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.