Main Street Capital (NYSE:MAIN) Updates Q4 Earnings Guidance

Main Street Capital (NYSE:MAIN) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.01-$1.03 for the period, compared to the consensus earnings per share estimate of $1.04. Main Street Capital also updated its Q4 2024 guidance to 1.070-1.090 EPS.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Stock Down 0.7 %

Shares of NYSE MAIN opened at $60.03 on Friday. Main Street Capital has a 12-month low of $43.52 and a 12-month high of $60.87. The company has a market capitalization of $5.29 billion, a PE ratio of 10.88 and a beta of 1.28. 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 firm’s 50-day moving average is $56.03 and its two-hundred day moving average is $52.35.

Main Street Capital Dividend Announcement

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