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 (EPS) guidance of $1.01-$1.03 for the period, compared to the consensus estimate of $1.04.

Wall Street Analyst Weigh In

Separately, B. Riley increased their price objective on Main Street Capital from $49.00 to $51.00 and gave the company 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Stock Up 0.5 %

MAIN stock opened at $59.20 on Thursday. 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 has a market capitalization of $5.22 billion, a P/E ratio of 10.72 and a beta of 1.28. Main Street Capital has a 52-week low of $43.26 and a 52-week high of $60.19. The company’s 50 day simple moving average is $55.70 and its 200-day simple moving average is $52.23.

Main Street Capital Announces Dividend

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 $0.30 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.60 annualized dividend and a dividend yield of 6.08%. Main Street Capital’s dividend payout ratio (DPR) is presently 54.35%.

About Main Street Capital

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.