Brokerages expect that Monroe Capital Corp (NASDAQ:MRCC) will report sales of $17.07 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Monroe Capital’s earnings, with the lowest sales estimate coming in at $16.70 million and the highest estimate coming in at $17.56 million. Monroe Capital posted sales of $14.82 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.2%. The company is scheduled to announce its next quarterly earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that Monroe Capital will report full year sales of $68.86 million for the current year, with estimates ranging from $67.43 million to $71.84 million. For the next year, analysts anticipate that the firm will post sales of $75.16 million, with estimates ranging from $71.11 million to $85.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). Monroe Capital had a net margin of 19.97% and a return on equity of 11.59%. The business had revenue of $16.16 million during the quarter, compared to analysts’ expectations of $16.58 million.
Institutional investors have recently made changes to their positions in the company. Capital Investment Advisory Services LLC bought a new position in shares of Monroe Capital during the 4th quarter valued at about $27,000. Advisory Alpha LLC bought a new position in Monroe Capital during the 1st quarter worth approximately $36,000. Quad Cities Investment Group LLC grew its position in Monroe Capital by 3,000.0% during the 1st quarter. Quad Cities Investment Group LLC now owns 3,100 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 3,000 shares during the last quarter. Alera Investment Advisors LLC grew its position in Monroe Capital by 45.0% during the 1st quarter. Alera Investment Advisors LLC now owns 4,721 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 1,466 shares during the last quarter. Finally, CFO4Life Group LLC bought a new position in Monroe Capital during the 4th quarter worth approximately $112,000. Hedge funds and other institutional investors own 24.86% of the company’s stock.
Shares of NASDAQ:MRCC traded up $0.06 on Friday, hitting $12.05. The company’s stock had a trading volume of 43,695 shares, compared to its average volume of 67,581. Monroe Capital has a 1 year low of $9.10 and a 1 year high of $14.65. The stock has a market cap of $245.38 million, a P/E ratio of 7.68 and a beta of 1.14. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 1.39.
About Monroe Capital
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.
Read More: Cost of Capital
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Monroe Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monroe Capital and related companies with MarketBeat.com's FREE daily email newsletter.