Analysts Anticipate Monroe Capital Corp (NASDAQ:MRCC) to Announce $0.35 EPS
Equities research analysts expect that Monroe Capital Corp (NASDAQ:MRCC) will announce $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Monroe Capital’s earnings, with estimates ranging from $0.35 to $0.37. Monroe Capital reported earnings per share of $0.39 during the same quarter last year, which suggests a negative year over year growth rate of 10.3%. The company is scheduled to report its next earnings results after the market closes on Tuesday, August 6th.
According to Zacks, analysts expect that Monroe Capital will report full year earnings of $1.44 per share for the current year, with EPS estimates ranging from $1.40 to $1.50. For the next year, analysts expect that the firm will post earnings of $1.50 per share, with EPS estimates ranging from $1.40 to $1.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last issued its earnings results on Tuesday, May 7th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03). Monroe Capital had a return on equity of 11.59% and a net margin of 19.97%. The firm had revenue of $16.16 million during the quarter, compared to analysts’ expectations of $16.58 million.
Several hedge funds and other institutional investors have recently modified their holdings of MRCC. Advisory Alpha LLC purchased a new stake in shares of Monroe Capital during the 1st quarter worth $36,000. Quad Cities Investment Group LLC raised its stake in Monroe Capital by 3,000.0% in the first quarter. Quad Cities Investment Group LLC now owns 3,100 shares of the financial services provider’s stock valued at $37,000 after buying an additional 3,000 shares during the last quarter. Alera Investment Advisors LLC raised its stake in Monroe Capital by 45.0% in the first quarter. Alera Investment Advisors LLC now owns 4,721 shares of the financial services provider’s stock valued at $57,000 after buying an additional 1,466 shares during the last quarter. First Allied Advisory Services Inc. purchased a new stake in Monroe Capital in the first quarter valued at about $141,000. Finally, CFO4Life Group LLC raised its stake in Monroe Capital by 21.2% in the first quarter. CFO4Life Group LLC now owns 14,150 shares of the financial services provider’s stock valued at $172,000 after buying an additional 2,475 shares during the last quarter. Hedge funds and other institutional investors own 21.58% of the company’s stock.
Shares of MRCC stock traded up $0.06 during mid-day trading on Tuesday, hitting $11.40. The stock had a trading volume of 49,528 shares, compared to its average volume of 67,310. Monroe Capital has a 12-month low of $9.10 and a 12-month high of $14.05. The firm has a market capitalization of $233.07 million, a price-to-earnings ratio of 7.26 and a beta of 1.12. The stock has a 50-day moving average of $11.49. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 1.39.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.28%. The ex-dividend date was Thursday, June 13th. Monroe Capital’s dividend payout ratio (DPR) is currently 89.17%.
Monroe Capital Company Profile
Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.
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