Main Street Capital (MAIN) Q3 Earnings and Revenues Lag Estimates
Main Street Capital (MAIN) came out with quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.99 per share a year ago.
Assessing Main Street's Preliminary Earnings For Q3 2024
MAIN had a largely expected quarter with minor NAV outperformance and slight NII underperformance due to lower loan origination volumes. MAIN's credit risk remains manageable with a slight increase in non-accrual loans, which was anticipated and typical for LMM investments. MAIN's valuation is currently high, trading at a 66% premium to NAV, making it less attractive compared to other sector peers.
Exploring Analyst Estimates for Main Street Capital (MAIN) Q3 Earnings, Beyond Revenue and EPS
Get a deeper insight into the potential performance of Main Street Capital (MAIN) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Main Street Capital (MAIN) Advances While Market Declines: Some Information for Investors
The latest trading day saw Main Street Capital (MAIN) settling at $51.57, representing a +0.45% change from its previous close.
Main Street Capital: Best Suited To Navigate Changing Interest Rates (Upgrade)
Main Street Capital: Best Suited To Navigate Changing Interest Rates (Upgrade)
Main Street Capital: More Gains From This High-Yielder
Main Street Capital is a high-quality BDC with strong net asset value per share growth and potential for share price gains. The company expects a Q3 net asset value per share of $30.54 to $30.60, a 2.6% increase from Q2. Main Street Capital's internally managed structure and high insider ownership align management with shareholder interests, driving positive performance.
Main Street Capital Is Overvalued Despite Returning More Capital To Shareholders
Main Street Capital is overvalued, trading at a 67.62% premium to NAV and a 12.51x multiple on NII, compared to peers. Despite strong management and consistent dividend growth, MAIN's valuation makes it unattractive compared to other BDCs like Ares Capital with better metrics. MAIN's credit risk is a concern due to its focus on middle-market companies, which may struggle in a recession or high-interest-rate environment.
Main Street Capital (MAIN) Beats Stock Market Upswing: What Investors Need to Know
The latest trading day saw Main Street Capital (MAIN) settling at $49.95, representing a +0.95% change from its previous close.
2 Big Dividends That Are Worthy Of Your Retirement Portfolio
Current high interest rates provide an opportunity for retirement investors to secure defensive and meaningful dividend yields before rates potentially decline. Main Street Capital offers a robust 8.4% dividend yield, supported by strong credit metrics, diversified portfolios, and a conservative leverage profile. Plains All American Pipeline provides a 7.3% yield, backed by stable cash flows, healthy CapEx, and substantial dividend coverage, with potential for future increases.
Main Street Capital stock: beating BDCs and S&P 500, but there's a catch
Main Street Capital (NYSE: MAIN) stock price is firing on all cylinders as it continues to outperform the S&P 500 index. Its stock has risen by 15.7% this year while the S&P 500 index is up by over 17%.
Hold On To Main Street Capital To Walk Through Interest Rate Changes Safely
Main Street Capital has a diversified portfolio, solid dividend coverage, and an internally managed structure, making it a top-tier BDC. MAIN's investments are primarily in first-lien debt and equity. It takes a conservative approach and a diversified portfolio across sectors, geographies, and company sizes. The company is well-prepared for the potential interest rate cuts, as there are three reasons to consider a double-edged sword due to MAIN's unique investment structure.
Main Street Capital: A Great Business At The Wrong Price
MAIN has seen significant share price growth and returns due to elevated interest rates and high-yield dividends. The company operates as a business development company, or BDC, providing tailored debt and equity financing to lower-middle-market and middle-market companies without incurring external advisory fees. Despite a well-covered dividend, Main Street Capital's current valuation suggests caution, with the stock trading at a 63% premium to book value.
