Wall Street analysts expect Monroe Capital Corp (NASDAQ:MRCC) to post sales of $17.56 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Monroe Capital’s earnings. The highest sales estimate is $17.90 million and the lowest is $17.32 million. Monroe Capital reported sales of $14.84 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.3%. The company is scheduled to report its next earnings results on Tuesday, March 3rd.
On average, analysts expect that Monroe Capital will report full-year sales of $67.73 million for the current year, with estimates ranging from $67.45 million to $68.11 million. For the next financial year, analysts anticipate that the firm will report sales of $71.86 million, with estimates ranging from $69.28 million to $74.29 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $17.33 million for the quarter, compared to analysts’ expectations of $17.60 million. Monroe Capital had a return on equity of 11.38% and a net margin of 24.99%.
A number of institutional investors have recently made changes to their positions in MRCC. Tower Research Capital LLC TRC bought a new position in Monroe Capital in the 2nd quarter worth $30,000. Crewe Advisors LLC bought a new position in Monroe Capital in the 2nd quarter worth $32,000. JPMorgan Chase & Co. bought a new position in Monroe Capital in the 2nd quarter worth $48,000. Breiter Capital Management Inc. bought a new position in Monroe Capital in the 2nd quarter worth $121,000. Finally, Millennium Management LLC bought a new position in Monroe Capital in the 3rd quarter worth $121,000. 23.00% of the stock is currently owned by institutional investors.
Shares of NASDAQ MRCC traded down $0.04 during midday trading on Monday, hitting $11.47. 148,836 shares of the stock traded hands, compared to its average volume of 98,863. The firm has a 50-day moving average of $11.26 and a two-hundred day moving average of $11.01. The firm has a market capitalization of $234.45 million, a P/E ratio of 7.31 and a beta of 1.16. The company has a debt-to-equity ratio of 1.71, a quick ratio of 4.22 and a current ratio of 4.22. Monroe Capital has a one year low of $9.10 and a one year high of $13.38.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.35 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 12.21%. Monroe Capital’s dividend payout ratio is currently 89.17%.
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.
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