New Mountain Finance (NASDAQ:NMFC) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

New Mountain Finance (NASDAQ:NMFC) issued its earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.02), Briefing.com reports. The firm had revenue of $90.56 million during the quarter, compared to analysts’ expectations of $90.08 million. New Mountain Finance had a net margin of 36.13% and a return on equity of 11.93%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS.

New Mountain Finance Trading Down 0.1 %

Shares of NASDAQ:NMFC traded down $0.01 during trading on Thursday, reaching $12.67. The stock had a trading volume of 348,293 shares, compared to its average volume of 421,303. The business has a fifty day moving average price of $12.60 and a 200-day moving average price of $12.71. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 1.34. The stock has a market cap of $1.35 billion, a P/E ratio of 10.24 and a beta of 1.11. New Mountain Finance has a fifty-two week low of $11.38 and a fifty-two week high of $13.23.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their price objective on shares of New Mountain Finance from $12.00 to $12.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th.

About New Mountain Finance

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities.