Monroe Capital Corp (MRCC) Expected to Post Earnings of $0.38 Per Share

Wall Street analysts expect Monroe Capital Corp (NASDAQ:MRCC) to post earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Monroe Capital’s earnings, with estimates ranging from $0.35 to $0.43. Monroe Capital reported earnings of $0.42 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 9.5%. The company is scheduled to issue its next quarterly earnings report on Tuesday, May 14th.

On average, analysts expect that Monroe Capital will report full year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.40 to $1.55. For the next financial year, analysts forecast that the company will report earnings of $1.53 per share, with EPS estimates ranging from $1.40 to $1.65. Zacks’ EPS calculations 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, March 5th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Monroe Capital had a return on equity of 11.96% and a net margin of 10.02%.

Several research firms have recently issued reports on MRCC. ValuEngine upgraded Monroe Capital from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. Zacks Investment Research downgraded Monroe Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. National Securities reiterated a “neutral” rating and set a $13.00 price target on shares of Monroe Capital in a research note on Thursday, March 7th. Finally, BidaskClub downgraded Monroe Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.13.

A number of large investors have recently made changes to their positions in MRCC. BlackRock Inc. boosted its stake in Monroe Capital by 10.0% during the 3rd quarter. BlackRock Inc. now owns 98,961 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 8,959 shares during the period. Mackenzie Financial Corp boosted its stake in Monroe Capital by 73.1% during the 3rd quarter. Mackenzie Financial Corp now owns 36,387 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 15,369 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Monroe Capital by 16.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 79,199 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 11,091 shares during the period. CFO4Life Group LLC bought a new stake in Monroe Capital during the 4th quarter valued at approximately $112,000. Finally, Capital Investment Advisory Services LLC bought a new stake in Monroe Capital during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 23.78% of the company’s stock.

MRCC opened at $12.45 on Friday. The stock has a market cap of $254.48 million, a PE ratio of 7.93 and a beta of 1.16. Monroe Capital has a 52-week low of $9.10 and a 52-week high of $14.65. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.21.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.40 annualized dividend and a yield of 11.24%. Monroe Capital’s payout ratio is 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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Earnings History and Estimates for Monroe Capital (NASDAQ:MRCC)

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