Main Street Capital Corporation (NYSE:MAIN) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.47 per share.
Looking ahead, the full year income are expected at $ 2.00 per share on the revenues of $ 212.65 million.
Previous Quarter Performance
Main Street Capital Corporation unfold income for the second quarter of $ 0.48 per share, from the revenue of $ 52.01 million. The consensus estimates are income of $ 0.47 per share from $ 49.13 million in revenue. The bottom line results beat street analysts by $ 0.01 or 2.13 percent, at the same time, top line results outshined analysts by $ 2.88 million or 5.86 percent.
Stock Performance
Shares of Main Street Capital Corporation traded up $ 0.09 or 0.31 percent on Wednesday, reaching $ 28.76 with volume of 307.80 thousand shares. Main Street Capital Corporation has traded high as $ 29.19 and has cracked $ 28.43 on the downward trend
The closing price of $ 28.76, representing a 103.19 % increase from the 52 week low of $ 14.11 and a 36.43 % decrease over the 52 week high of $ 45.10.
The company has a market capital of $ 1.89 billion and is part of the Financial Services sector and Asset Management industry.
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses. It invests in consumer discretionary, consumer staples, energy, healthcare, industrials, information technology, manufacturing, media, materials, telecommunication services, and utilities sectors.
