Brokerages predict that Monroe Capital Co. (NASDAQ:MRCC) will post sales of $13.29 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Monroe Capital’s earnings. The highest sales estimate is $13.82 million and the lowest is $12.76 million. Monroe Capital reported sales of $15.00 million in the same quarter last year, which would suggest a negative year over year growth rate of 11.4%. The business is expected to report its next quarterly earnings report on Friday, May 14th.
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 fiscal year, analysts anticipate that the business will report sales of $57.15 million, with estimates ranging from $52.60 million to $59.62 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings data on Monday, March 1st. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $12.55 million during the quarter, compared to the consensus estimate of $12.73 million. Monroe Capital had a positive return on equity of 14.44% and a negative net margin of 4.93%.
Large investors have recently made changes to their positions in the business. Chiron Capital Management LLC purchased a new position in shares of Monroe Capital in the 3rd quarter worth about $27,000. GPS Wealth Strategies Group LLC bought a new position in shares of Monroe Capital during the 1st quarter valued at approximately $74,000. International Assets Investment Management LLC purchased a new stake in shares of Monroe Capital during the 4th quarter worth approximately $64,000. Centric Wealth Management purchased a new stake in shares of Monroe Capital during the 4th quarter worth approximately $137,000. Finally, Lindbrook Capital LLC bought a new stake in shares of Monroe Capital in the 4th quarter worth approximately $161,000. Hedge funds and other institutional investors own 19.56% of the company’s stock.
NASDAQ MRCC traded up $0.27 on Friday, reaching $10.78. The company had a trading volume of 95,575 shares, compared to its average volume of 108,180. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.37. The company’s fifty day moving average is $9.98 and its 200 day moving average is $8.52. Monroe Capital has a 52-week low of $6.07 and a 52-week high of $10.80. The stock has a market capitalization of $229.66 million, a P/E ratio of -53.90 and a beta of 1.43.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Tuesday, March 16th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 9.28%. Monroe Capital’s dividend payout ratio (DPR) is currently 70.42%.
Monroe Capital Company Profile
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.
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