CM Finance Inc (CMFN) Scheduled to Post Earnings on Tuesday
CM Finance Inc (NASDAQ:CMFN) will be releasing its earnings data after the market closes on Tuesday, November 7th. Analysts expect CM Finance to post earnings of $0.25 per share for the quarter.
CM Finance (NASDAQ:CMFN) last announced its earnings results on Wednesday, September 6th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. CM Finance had a net margin of 76.03% and a return on equity of 9.42%. The business had revenue of $7.19 million during the quarter, compared to analyst estimates of $7.40 million. On average, analysts expect CM Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CM Finance Inc (NASDAQ CMFN) opened at $8.65 on Friday. The stock has a market cap of $118.42, a PE ratio of 7.52 and a beta of 1.37. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.60.
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In other CM Finance news, CEO Michael Mauer acquired 4,000 shares of the stock in a transaction dated Monday, September 11th. The stock was purchased at an average cost of $9.61 per share, for a total transaction of $38,440.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.79% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of CM Finance from a “sell” rating to a “hold” rating in a research report on Monday, July 17th.
CM Finance Company Profile
CM Finance Inc is an externally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The Company’s primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies.
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