Brokerages predict that Monroe Capital Co. (NASDAQ:MRCC) will post $13.29 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Monroe Capital’s earnings. The lowest sales estimate is $12.76 million and the highest is $13.82 million. Monroe Capital posted sales of $15.00 million in the same quarter last year, which suggests a negative year over year growth rate of 11.4%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, May 4th.
On average, analysts expect that Monroe Capital will report full-year sales of $54.93 million for the current year, with estimates ranging from $52.42 million to $57.01 million. For the next year, analysts anticipate that the company will report sales of $57.15 million, with estimates ranging from $52.60 million to $59.62 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings results on Monday, March 1st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $12.55 million during the quarter, compared to analyst estimates of $12.73 million. Monroe Capital had a positive return on equity of 14.44% and a negative net margin of 4.93%.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Monroe Capital from a “sell” rating to a “hold” rating in a report on Tuesday, April 27th. B. Riley reissued a “neutral” rating on shares of Monroe Capital in a research note on Monday, February 22nd.
NASDAQ MRCC traded down $0.25 during trading on Tuesday, hitting $10.56. The stock had a trading volume of 123,862 shares, compared to its average volume of 102,985. The stock has a 50 day simple moving average of $10.39 and a 200 day simple moving average of $8.90. The company has a debt-to-equity ratio of 1.37, a quick ratio of 4.74 and a current ratio of 4.74. Monroe Capital has a one year low of $6.07 and a one year high of $10.94. The stock has a market capitalization of $224.97 million, a price-to-earnings ratio of -52.80 and a beta of 1.43.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Tuesday, March 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.47%. The ex-dividend date was Monday, March 15th. Monroe Capital’s payout ratio is currently 70.42%.
A number of institutional investors have recently added to or reduced their stakes in MRCC. Schonfeld Strategic Advisors LLC acquired a new stake in Monroe Capital in the third quarter valued at $237,000. Chiron Capital Management LLC purchased a new stake in shares of Monroe Capital in the third quarter worth approximately $27,000. Mercer Global Advisors Inc. ADV acquired a new position in Monroe Capital in the third quarter worth approximately $713,000. International Assets Investment Management LLC acquired a new position in Monroe Capital during the fourth quarter valued at approximately $64,000. Finally, LaFleur & Godfrey LLC acquired a new stake in shares of Monroe Capital in the fourth quarter worth $175,000. Hedge funds and other institutional investors own 19.56% of the company’s stock.
About Monroe Capital
Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants. It also provides financing primarily to buyouts in lower middle-market companies.
See Also: Special Dividends
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.