Main Street Capital (NYSE:MAIN) Updates 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 (EPS) guidance of 1.070-1.090 for the period, compared to the consensus 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 opened at $60.44 on Friday. Main Street Capital has a fifty-two week low of $43.48 and a fifty-two week high of $60.53. The firm has a market capitalization of $5.33 billion, a P/E ratio of 10.95 and a beta of 1.28. The stock’s fifty day moving average is $55.87 and its two-hundred day moving average is $52.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

Main Street Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.30 per share. This represents a $3.60 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s payout ratio is currently 54.35%.

Wall Street Analyst Weigh In

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

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.