Main Street Capital (MAIN) Q2 2024 Earnings Call Transcript
Main Street Capital (NYSE:MAIN ) Q2 2024 Earnings Conference Call August 9, 2024 10:00 AM ET Company Participants Zach Vaughan - Dennard Lascar, Investor Relations Dwayne Hyzak - Member of the Board and Chief Executive Officer David Magdol - President and Chief Investment Officer Jesse Morris - Executive Vice President, Chief Financial Officer and Chief Operating Officer Nick Meserve - Managing Director and Head of Main Street's Private Credit Investment Group Conference Call Participants Robert Dodd - Raymond James Bryce Rowe - B. Riley Securities Mark Hughes - Truist Securities Operator Greetings.
Main Street Capital (MAIN) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Main Street Capital (MAIN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Main Street Capital (MAIN) Matches Q2 Earnings Estimates
Main Street Capital (MAIN) came out with quarterly earnings of $1.01 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.06 per share a year ago.
Insights Into Main Street Capital (MAIN) Q2: Wall Street Projections for Key Metrics
Get a deeper insight into the potential performance of Main Street Capital (MAIN) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Assessing Main Street Capital's Performance For Q2 2024
This earnings assessment article reviews MAIN's NAV and NII performance during Q2 2024 and compares results to my expectations. Earnings remain a key driver to stock performance. MAIN's quarterly NAV was basically as expected. MAIN's quarterly NAV experienced a minor increase, which was mainly the result of continued accretive equity issuance. MAIN's quarterly NII was a minor underperformance (within range). This was likely mainly due to MAIN reporting a modest increase in non-accrual loans (even more than I anticipated).
Here's Why Main Street Capital (MAIN) Gained But Lagged the Market Today
In the closing of the recent trading day, Main Street Capital (MAIN) stood at $51.02, denoting a +0.06% change from the preceding trading day.
Main Street Capital: 2 Reasons Not To Buy Right Now
Main Street Capital is a top-performing business development company with a unique investing model and 16 dividends paid in the past twelve months. MAIN's stock price has appreciated by almost 25% over the past year, with record dividends and strong performance in a higher interest rate environment. MAIN recently published a forecast of second quarter earnings, which was relatively weak aside from DNII estimates.
Is Main Street Capital (MAIN) Stock Outpacing Its Finance Peers This Year?
Here is how Main Street Capital (MAIN) and Aegon NV (AEG) have performed compared to their sector so far this year.
Main Street Capital: 40+ Big-Yield BDCs Compared
Big-yield BDCs are special. We share updated comparative data on over 40 of them. Among BDCs, Main Street Capital is special. But its price-to-book and dividend yield are often misunderstood by investors. After reviewing BDCs in general, and Main Street Capital in particular, we conclude with our strong opinion on investing.
I'm Locking 8% Yields From Monthly Dividends
The U.S. population of millionaires grew by 600K last year to 7.5 million, driven by the AI-fueled stock market rally. But most of those gains are likely from capital gains, and it's important to take a balanced approach to investing, combining growth stocks with income-generating assets. Main Street Capital and Cohen & Steers Infrastructure Fund are two picks that pay dividends on a monthly basis, providing income during market volatility.
3 Higher-Yielding Stocks To Build A Portfolio For Millennials
In this article, I list 3 stocks I think are great investments for millennial dividend investors looking to build an income-focused portfolio. All three are leaders in their respective industries and have track records of operational success that will likely continue for the long term. These 3 stocks are considered riskier investments as a result of their industries but offer investors dividend growth for the long term as a result of their well-covered dividends.
Bad News For Main Street Capital Stock
Main Street Capital is a top-notch business development company with strong dividend growth and low operating costs. However, there is a storm of bad news brewing for the stock. We share our concerns and how investors may want to approach the stock moving forward.
