Analysts Anticipate Monroe Capital Co. (NASDAQ:MRCC) to Announce $0.25 EPS

Equities research analysts expect Monroe Capital Co. (NASDAQ:MRCC) to announce earnings of $0.25 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Monroe Capital’s earnings. Monroe Capital also reported earnings of $0.25 per share during the same quarter last year. The company is scheduled to announce its next earnings report on Tuesday, March 1st.

On average, analysts expect that Monroe Capital will report full year earnings of $1.05 per share for the current year, with EPS estimates ranging from $1.03 to $1.06. For the next year, analysts anticipate that the business will post earnings of $1.03 per share, with EPS estimates ranging from $1.00 to $1.08. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Monroe Capital.

Monroe Capital (NASDAQ:MRCC) last released its earnings results on Monday, November 1st. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. Monroe Capital had a return on equity of 9.33% and a net margin of 65.05%. The firm had revenue of $15.21 million during the quarter, compared to analysts’ expectations of $12.74 million. During the same quarter last year, the business posted $0.26 earnings per share.

Several research firms recently issued reports on MRCC. Zacks Investment Research upgraded Monroe Capital from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Saturday, November 6th. TheStreet lowered Monroe Capital from a “b-” rating to a “c” rating in a research note on Friday, August 20th. Finally, B. Riley raised Monroe Capital from a “neutral” rating to a “buy” rating and dropped their price target for the company from $11.50 to $10.50 in a research note on Thursday, November 4th. They noted that the move was a valuation call.

NASDAQ:MRCC opened at $11.31 on Monday. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 1.32. Monroe Capital has a 12-month low of $7.80 and a 12-month high of $11.85. The stock has a 50-day moving average price of $10.50 and a 200 day moving average price of $10.78. The stock has a market capitalization of $243.66 million, a P/E ratio of 6.98 and a beta of 1.32.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Thursday, September 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date was Wednesday, September 15th. Monroe Capital’s payout ratio is presently 61.73%.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of Monroe Capital in the 1st quarter valued at approximately $60,000. Lenox Wealth Advisors LLC bought a new stake in shares of Monroe Capital in the 3rd quarter valued at approximately $85,000. Fiduciary Group LLC bought a new stake in shares of Monroe Capital in the 2nd quarter valued at approximately $108,000. Coastal Bridge Advisors LLC bought a new stake in shares of Monroe Capital in the 3rd quarter valued at approximately $105,000. Finally, Wealthstar Advisors LLC bought a new stake in shares of Monroe Capital in the 2nd quarter valued at approximately $119,000. 20.14% of the stock is owned by institutional investors and hedge funds.

Monroe Capital Company Profile

Monroe Capital Corp. is an externally managed, closed-end, non-diversified management investment company, which engages in the provision of financial solutions. Its investment objective is to maximize the total return to our stockholders in the form of current income and capital appreciation. The company was founded on February 9, 2011 and is headquartered in Chicago, IL.

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Earnings History and Estimates for Monroe Capital (NASDAQ:MRCC)

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