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

Main Street Capital (NYSE:MAIN) updated its fourth quarter 2024 earnings guidance on Thursday. 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.

Main Street Capital Stock Performance

NYSE MAIN traded up $0.33 during trading hours on Thursday, hitting $59.57. 62,757 shares of the company’s stock traded hands, compared to its average volume of 479,435. The business’s fifty day moving average price is $55.70 and its two-hundred day moving average price is $52.23. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital has a 52 week low of $43.48 and a 52 week high of $60.19. The firm has a market capitalization of $5.25 billion, a P/E ratio of 10.79 and a beta of 1.28.

Main Street Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.30 per share. This represents a $3.60 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s payout ratio is 54.35%.

Wall Street Analyst Weigh In

Separately, B. Riley upped their price target 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.