Analysts Anticipate New Mountain Finance Corp. (NYSE:NMFC) to Post $0.35 Earnings Per Share
Equities research analysts expect New Mountain Finance Corp. (NYSE:NMFC) to report earnings of $0.35 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for New Mountain Finance’s earnings. New Mountain Finance reported earnings per share of $0.34 during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The company is scheduled to report its next earnings results after the market closes on Wednesday, August 7th.
According to Zacks, analysts expect that New Mountain Finance will report full year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.40 to $1.41. For the next year, analysts anticipate that the business will post earnings of $1.41 per share, with EPS estimates ranging from $1.40 to $1.42. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover New Mountain Finance.
New Mountain Finance (NYSE:NMFC) last released its quarterly earnings data on Monday, May 6th. The investment management company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $64.19 million during the quarter, compared to analyst estimates of $62.83 million. New Mountain Finance had a net margin of 38.07% and a return on equity of 10.37%.
A number of institutional investors have recently made changes to their positions in NMFC. PNC Financial Services Group Inc. acquired a new stake in New Mountain Finance during the 1st quarter valued at $30,000. Arlington Partners LLC acquired a new stake in New Mountain Finance during the 2nd quarter valued at $36,000. Marshall Wace North America L.P. acquired a new stake in New Mountain Finance during the 1st quarter valued at $68,000. Moloney Securities Asset Management LLC acquired a new stake in New Mountain Finance during the 1st quarter valued at $143,000. Finally, First Allied Advisory Services Inc. acquired a new stake in New Mountain Finance during the 1st quarter valued at $165,000. 36.31% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE NMFC traded down $0.08 during trading hours on Wednesday, hitting $13.57. The company had a trading volume of 827,548 shares, compared to its average volume of 412,732. The stock has a market capitalization of $1.19 billion, a PE ratio of 9.83 and a beta of 0.56. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.14 and a quick ratio of 2.14. New Mountain Finance has a 1-year low of $12.06 and a 1-year high of $14.38. The firm’s 50 day moving average price is $14.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 10.02%. The ex-dividend date was Thursday, June 13th. New Mountain Finance’s dividend payout ratio is 98.55%.
About New Mountain Finance
New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation.
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