Main Street Capital (NYSE:MAIN) Issues Q4 2024 Earnings Guidance

Main Street Capital (NYSE:MAIN) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.070-1.090 for the period, compared to the consensus earnings per share estimate of 1.030. The company issued revenue guidance of -. Main Street Capital also updated its Q4 guidance to $1.01-$1.03 EPS.

Analyst Upgrades and Downgrades

Separately, B. Riley upped 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.80.

Main Street Capital Stock Performance

NYSE MAIN traded up $0.33 during trading hours on Thursday, hitting $59.57. The company’s stock had a trading volume of 62,757 shares, compared to its average volume of 479,435. 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 company has a market cap of $5.25 billion, a P/E ratio of 10.79 and a beta of 1.28. The company’s 50 day simple moving average is $55.70 and its two-hundred day simple moving average is $52.23. Main Street Capital has a 12 month low of $43.48 and a 12 month high of $60.19.

Main Street Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 annualized dividend and a dividend yield of 6.04%. 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.