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

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

Main Street Capital Stock Up 2.0 %

Shares of NYSE MAIN traded up $1.20 during trading on Thursday, hitting $60.44. 496,225 shares of the company traded hands, compared to its average volume of 522,501. The business's fifty day moving average is $55.70 and its 200 day moving average is $52.23. Main Street Capital has a fifty-two week low of $43.48 and a fifty-two week high of $60.53. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 10.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

Main Street Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.30 per share. This represents a $3.60 annualized dividend and a dividend yield of 5.96%. The ex-dividend date is Friday, February 7th. Main Street Capital's payout ratio is presently 54.35%.

Analysts Set New Price Targets

Separately, B. Riley boosted their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Main Street Capital presently has an average rating of "Hold" and an average target price of $48.80.

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.