Main Street Capital Corp (NYSE: MAIN) has reported earnings for its first fiscal quarter (ending March 31) of $1.26 versus $1.00 for the same period a year ago — an increase of 26%. This result exceeded the consensus estimate of $0.98 by $0.28. For the latest four quarters through March 31, E.P.S. were $5.48 versus $3.31 for the same period a year ago — an increase of 66%.
Recent Price Action
On 5/9/24, Main Street Capital Corp (NYSE: MAIN) stock rose slightly by 0.3%, closing at $50.76. However, this advance was accompanied by below average trading volume at 82% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
MAIN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Main Street Capital has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Main Street Capital has a neutral Appreciation Score of 55 but a good Power Rating of 78, leading to the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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