NYSE$MAIN

Main Street Capital Corp. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Main Street Capital Corporation announced its financial results, reporting a net investment income of $0.46 per share and distributable net investment income of $0.50 per share for the third quarter of 2020.

Main Street Capital Corporation announced third quarter 2020 results with net investment income of $0.46 per share and distributable net investment income of $0.50 per share. The company's net asset value was $21.52 per share at September 30, 2020.

  • Net investment income of $30.5 million (or $0.46 per share)
  • Distributable net investment income of $33.0 million (or $0.50 per share)
  • Total investment income of $52.0 million
  • Net asset value of $21.52 per share at September 30, 2020, representing an increase of $0.67 per share, or 3.2%, compared to $20.85 per share at June 30, 2020

Headline financials

Total Revenue

$52M

Previous: $60.1M-13.5%
EPS (adj)

$0.46

Previous: $0.62-25.8%
LMM Portfolio Companies

70

No prior period
LMM Portfolio Fair Value

$1.23B

No prior period
Private Loan Portfolio Companies

68

No prior period
Private Loan Portfolio Fair Value

$744M

No prior period
Middle Market Portfolio Companies

42

No prior period
Middle Market Portfolio Fair Value

$441M

No prior period
Net Income

$30.5M

No prior period
Operating Income

$30.5M

No prior period
Cash & Equivalents

$27.1M

No prior period
Total Assets

$2.66B

No prior period

Revenue & EPS history

Main Street Capital · Revenue · Quarterly

$52M

Q3 2020-13.5%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Main Street Capital · $52M total across 3 segments · Q3 2020

  • Interest Income
    $42.1M
  • Dividend Income
    $8.11M
  • Fee Income
    $1.71M

Forward guidance

Company believes that their conservative capital structure and significant liquidity position will allow them to continue to manage through the current challenges caused by the pandemic and to successfully execute on their pipeline of attractive lower middle market and private loan investment opportunities.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.8%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+0.1%

Avg return

30 days after

66%

42 / 64 earnings

Positive

+8.1%

Q1 2010

Best reaction

-9.4%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.4%-10.0%-8.4%
Q4 2025-2.2%+1.4%-11.3%
Q3 2025+2.9%+3.5%+6.3%
Q1 2025-0.2%+0.3%+8.4%
Q4 2024+3.2%-1.5%-3.9%
Q3 2024+0.6%+1.4%+7.3%
Q2 2024-0.7%-1.1%-0.6%
Q1 2024-2.4%-1.6%-3.7%
Q4 2023+1.0%+2.7%+2.5%
Q3 2023+3.5%+2.2%+6.1%
Q2 2023-0.2%-1.7%-4.3%
Q1 2023-0.7%-0.4%-0.7%
Q4 2022+3.0%+6.7%-1.3%
Q3 2022+4.6%+4.7%+2.0%
Q2 2022+1.2%-0.9%-9.7%
Q1 2022-1.5%-5.5%-8.6%
Q4 2021+2.7%+2.0%+0.3%
Q3 2021+4.0%+4.4%+0.4%
Q2 2021+0.8%+2.3%+0.5%
Q1 2021-1.0%-3.6%-2.2%
Q4 2020-0.7%-0.6%+6.3%
Q3 2020+0.0%+8.3%+12.8%
Q2 2020+3.2%+4.8%-4.0%
Q1 2020+4.0%+6.5%+32.5%
Q4 2019-8.0%-5.0%-41.2%
Q3 2019-3.5%-2.3%-1.4%
Q2 2019-0.0%+1.8%+3.7%
Q1 2019+2.2%+2.2%+2.6%
Q4 2018-1.8%-4.1%-4.9%
Q3 2018-0.4%+4.6%+2.5%
Q2 2018+2.1%+2.8%+1.9%
Q1 2018+2.5%+3.1%+2.2%
Q4 2017+0.5%+0.1%+2.3%
Q3 2017+2.2%+3.4%+0.1%
Q2 2017-0.4%+2.1%+0.2%
Q1 2017+0.7%-0.3%-3.7%
Q4 2016+0.2%-1.1%-0.6%
Q3 2016+1.0%+4.1%+10.5%
Q2 2016+1.7%+1.1%+1.8%
Q1 2016+1.0%
Q4 2015+3.3%
Q3 2015-1.3%
Q2 2015-2.4%
Q1 2015+1.1%
Q4 2014+0.1%
Q3 2014+2.2%
Q2 2014+2.9%
Q1 2014-2.6%
Q4 2013-0.7%
Q3 2013+1.0%
Q2 2013+0.9%
Q1 2013+2.6%
Q4 2012+2.9%
Q3 2012+2.4%
Q2 2012+1.7%
Q1 2012+0.7%
Q4 2011+1.5%
Q3 2011+0.9%
Q2 2011-9.4%
Q1 2011+4.3%
Q4 2010+2.3%
Q3 2010+5.1%
Q2 2010+2.1%
Q1 2010+8.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro