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

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

Shares of NYSE MAIN opened at $60.44 on Friday. The company has a market cap of $5.33 billion, a P/E ratio of 10.95 and a beta of 1.28. Main Street Capital has a 52-week low of $43.48 and a 52-week high of $60.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The firm’s fifty day moving average is $55.87 and its two-hundred day moving average is $52.29.

Main Street Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 annualized dividend and a dividend yield of 5.96%. Main Street Capital’s dividend payout ratio (DPR) is 54.35%.

Analyst Ratings Changes

Separately, B. Riley raised their price target on Main Street Capital from $49.00 to $51.00 and gave the company 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 company’s stock. According to data from MarketBeat.com, the company 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.