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

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

Main Street Capital Stock Performance

MAIN opened at $60.44 on Friday. The company’s 50 day moving average is $55.87 and its 200 day moving average is $52.29. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 10.95 and a beta of 1.28. Main Street Capital has a 12-month low of $43.48 and a 12-month high of $60.53.

Main Street Capital Announces Dividend

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 paid a $0.30 dividend. 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 dividend payout ratio (DPR) is currently 54.35%.

Wall Street Analyst Weigh In

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

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.