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Main Street Capital Corp. (MAIN)
NYSE:MAIN
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.04Last Year’s EPS
$1.07Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 10.61%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in terms of return on equity, record NAV per share, and substantial private loan investment activity. There was also an emphasis on the supplemental dividend declaration as a positive note. However, the continued softness in the consumer discretionary portfolio and spread compression in the private loan market were notable challenges. Despite these challenges, the overall sentiment leans towards being positive due to the significant achievements and financial metrics.Company Guidance
In the earnings call for Main Street Capital Corporation's third quarter of 2024, the management provided comprehensive guidance on several financial metrics. The company reported an annualized return on equity (ROE) of 18.8% and a distributable net investment income (DNII) per share that exceeded dividends paid, marking the ninth consecutive quarter of record net asset value (NAV) per share. The third quarter saw a net increase of $2 million in lower middle market investments and a $163 million rise in private loan investments. Main Street also declared a supplemental dividend of $0.30 per share and increased regular monthly dividends for the fourth quarter of 2025, representing a 4% hike over the previous year. The management emphasized their strong capital structure, with a regulatory debt-to-equity ratio of 0.69x, and highlighted a favorable outlook for the fourth quarter, expecting a DNII of at least $1.08 per share.Strong Return on Equity
Achieved an annualized return on equity of 18.8% for the third quarter.
Record NAV Per Share
Achieved a new record for NAV per share for the ninth consecutive quarter.
Enhanced Capital Structure and Liquidity
Further strengthened capital structure and liquidity position during the quarter.
Significant Private Loan Investment Activity
Completed $309 million in total private loan investments, resulting in a net increase of $163 million.
Supplemental Dividend Declaration
Declared a supplemental dividend of $0.30 per share payable in December, marking the 13th consecutive quarterly supplemental dividend.
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MAIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MAIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $50.99 | $51.36 | +0.73% |
| Aug 08, 2024 | $47.33 | $47.12 | -0.44% |
| May 09, 2024 | $48.24 | $46.94 | -2.69% |
| Feb 22, 2024 | $42.54 | $42.17 | -0.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Main Street Capital Corp. (MAIN) report earnings?
Main Street Capital Corp. (MAIN) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Main Street Capital Corp. (MAIN) earnings time?
Main Street Capital Corp. (MAIN) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MAIN EPS forecast?
MAIN EPS forecast for the fiscal quarter 2024 (Q4) is $1.04.
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