Zacks: Brokerages Anticipate Monroe Capital Corp (MRCC) to Post $0.34 Earnings Per Share

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.

A number of hedge funds and other institutional investors have recently modified their holdings of MRCC. Marshall Wace North America L.P. purchased a new stake in Monroe Capital during the 2nd quarter worth about $225,000. JPMorgan Chase & Co. purchased a new stake in Monroe Capital during the 2nd quarter worth about $114,000. WESPAC Advisors LLC increased its holdings in Monroe Capital by 63.9% during the 2nd quarter. WESPAC Advisors LLC now owns 64,940 shares of the financial services provider’s stock worth $989,000 after purchasing an additional 25,308 shares during the period. Financial Counselors Inc. purchased a new stake in Monroe Capital during the 2nd quarter worth about $156,000. Finally, Stephens Inc. AR increased its holdings in Monroe Capital by 4.3% during the 2nd quarter. Stephens Inc. AR now owns 71,589 shares of the financial services provider’s stock worth $1,090,000 after purchasing an additional 2,926 shares during the period. Institutional investors own 29.29% of the company’s stock.

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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