Equity research analysts expect Monroe Capital Co. (NASDAQ: MRCC – Get a rating) to show sales of $13.10 million for the current quarter, Zacks reports. Three analysts have made earnings estimates for Monroe Capital, with the highest estimate of sales at $13.24 million and the lowest estimate at $12.93 million. Monroe Capital reported sales of $13.21 million in the same quarter last year, which would indicate a negative growth rate of 0.8% year over year. The company is expected to release its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect Monroe Capital to report annual revenue of $53.39 million for the current fiscal year, with estimates ranging from $52.64 million to $53.89 million. of dollars. For the next fiscal year, analysts expect the company to record sales of $55.70 million, with estimates ranging from $52.95 million to $58.45 million. Zacks Investment Research’s sell calculations are an average average based on a survey of sell-side research analysts who follow Monroe Capital.
Capital of Monroe (NASDAQ: MRCC – Get a rating) last released its quarterly earnings data on Wednesday, March 2. The financial services provider reported earnings per share (EPS) of $0.25 for the quarter, matching Thomson Reuters consensus estimate of $0.25. Monroe Capital had a net margin of 60.30% and a return on equity of 9.18%. The company posted revenue of $13.04 million in the quarter, versus a consensus estimate of $13.36 million. In the same quarter last year, the company earned earnings per share of $0.25.
CRMC has been the subject of a number of recent analyst reports. TheStreet upgraded Monroe Capital shares from a “c” rating to a “b-” rating in a Friday, March 25 research report. Zacks Investment Research upgraded Monroe Capital from a “sell” rating to a “hold” rating in a Thursday, April 7 research note. To finish, StockNews.com began covering Monroe Capital in a research note on Thursday, March 31. They issued a “holding” rating on the stock.
Shares of NASDAQ: MRCC opened at $10.74 on Friday. The company has a quick ratio of 3.21, a current ratio of 3.21 and a leverage ratio of 1.33. Monroe Capital has a 52-week low of $10.04 and a 52-week high of $11.85. The company has a 50-day moving average of $10.79 and a two-hundred-day moving average of $10.84. The company has a market capitalization of $232.69 million, a price-earnings ratio of 7.07 and a beta of 1.27.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Wednesday, March 16 received a dividend of $0.25 per share. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 9.31%. The ex-dividend date was Tuesday, March 15. Monroe Capital’s dividend payout ratio (DPR) is 65.79%.
Large investors have recently increased or reduced their stakes in the stock. Moors & Cabot Inc. acquired a new position in Monroe Capital during the third quarter worth approximately $52,000. Coastal Bridge Advisors LLC acquired a new position in Monroe Capital during the third quarter worth approximately $105,000. Wealthspire Advisors LLC acquired a new position in Monroe Capital during the third quarter worth approximately $134,000. Spire Wealth Management bought a new position in Monroe Capital in Q3 worth around $197,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Monroe Capital in Q4 worth approximately $299,000. 20.08% of the shares are currently held by hedge funds and other institutional investors.
Monroe Capital Company Profile (Get a rating)
Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and, to a lesser extent, unsecured debt and equity, including co- capital investments in preferred and common stocks and warrants.
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