Wall Street brokerages expect that New Mountain Finance Co. (NASDAQ:NMFC) will report earnings per share of $0.30 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for New Mountain Finance’s earnings. New Mountain Finance posted earnings per share of $0.32 in the same quarter last year, which suggests a negative year over year growth rate of 6.3%. The firm is scheduled to report its next quarterly earnings report after the market closes on Wednesday, February 24th.
According to Zacks, analysts expect that New Mountain Finance will report full year earnings of $1.22 per share for the current year, with EPS estimates ranging from $1.20 to $1.24. For the next year, analysts expect that the business will report earnings of $1.20 per share, with EPS estimates ranging from $1.18 to $1.21. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow New Mountain Finance.
New Mountain Finance (NASDAQ:NMFC) last issued its earnings results on Wednesday, November 4th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. New Mountain Finance had a net margin of 4.94% and a return on equity of 10.30%. The business had revenue of $65.52 million for the quarter, compared to analysts’ expectations of $65.47 million.
Institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. purchased a new position in shares of New Mountain Finance during the 1st quarter worth about $68,000. California Public Employees Retirement System increased its holdings in shares of New Mountain Finance by 8.0% in the 2nd quarter. California Public Employees Retirement System now owns 196,600 shares of the company’s stock worth $1,826,000 after acquiring an additional 14,600 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of New Mountain Finance by 10.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 167,066 shares of the company’s stock worth $1,552,000 after acquiring an additional 16,297 shares during the period. Bank of America Corp DE increased its holdings in shares of New Mountain Finance by 22.8% in the 2nd quarter. Bank of America Corp DE now owns 149,533 shares of the company’s stock worth $1,389,000 after acquiring an additional 27,794 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in shares of New Mountain Finance by 14.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 32,488 shares of the company’s stock worth $300,000 after acquiring an additional 3,996 shares during the period. 31.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NMFC stock opened at $11.68 on Thursday. The company’s fifty day simple moving average is $11.48 and its two-hundred day simple moving average is $10.82. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.39 and a quick ratio of 2.39. New Mountain Finance has a 1 year low of $4.62 and a 1 year high of $14.45. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -1,166.83 and a beta of 1.41.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 16th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 10.27%. New Mountain Finance’s payout ratio is 94.49%.
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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