Brokerages expect Monroe Capital Corp (NASDAQ:MRCC) to announce earnings per share (EPS) of $0.34 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Monroe Capital’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.34. Monroe Capital posted earnings per share of $0.35 in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.9%. The company is scheduled to announce its next quarterly earnings report on Tuesday, March 6th.
According to Zacks, analysts expect that Monroe Capital will report full-year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.37 to $1.40. For the next year, analysts forecast that the firm will post earnings of $1.47 per share, with EPS estimates ranging from $1.40 to $1.55. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Monroe Capital.
Several equities analysts recently issued reports on the company. National Securities reissued a “buy” rating and set a $17.00 target price on shares of Monroe Capital in a research note on Monday, November 13th. Zacks Investment Research lowered Monroe Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, TheStreet raised Monroe Capital from a “c+” rating to a “b” rating in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.50.
Monroe Capital (NASDAQ MRCC) opened at $13.75 on Monday. Monroe Capital has a 12 month low of $13.32 and a 12 month high of $16.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $278.30, a PE ratio of 14.18 and a beta of 0.56.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 10.18%. The ex-dividend date was Thursday, December 14th. Monroe Capital’s payout ratio is 144.33%.
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About Monroe Capital
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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