New Mountain Finance Co. (NASDAQ:NMFC) Expected to Announce Earnings of $0.30 Per Share

Equities research analysts forecast that New Mountain Finance Co. (NASDAQ:NMFC – Get Rating) will announce $0.30 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for New Mountain Finance’s earnings, with estimates ranging from $0.30 to $0.31. New Mountain Finance also reported earnings of $0.30 per share during the same quarter last year. The company is expected to report its next earnings results after the market closes on Monday, January 1st.

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 $1.25. For the next year, analysts anticipate that the firm will report earnings of $1.23 per share, with EPS estimates ranging from $1.20 to $1.27. Zacks’ EPS averages are an average based on a survey of analysts that follow New Mountain Finance.

New Mountain Finance (NASDAQ:NMFC – Get Rating) last issued its quarterly earnings data on Monday, February 28th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.07). New Mountain Finance had a net margin of 74.33% and a return on equity of 9.14%. During the same period last year, the business posted $0.30 EPS.

Several analysts recently weighed in on NMFC shares. Janney Montgomery Scott started coverage on New Mountain Finance in a research note on Monday, February 7th. They set a “buy” rating for the company. Zacks Investment Research downgraded New Mountain Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, January 5th.

Shares of NASDAQ NMFC traded down $0.03 during mid-day trading on Wednesday, reaching $13.59. 16,032 shares of the company traded hands, compared to its average volume of 332,617. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market cap of $1.34 billion, a PE ratio of 7.13 and a beta of 1.30. The company’s fifty day moving average is $13.62 and its two-hundred day moving average is $13.59. New Mountain Finance has a fifty-two week low of $12.51 and a fifty-two week high of $14.11.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were paid a $0.30 dividend. The ex-dividend date was Wednesday, March 16th. This represents a $1.20 annualized dividend and a dividend yield of 8.83%. New Mountain Finance’s dividend payout ratio (DPR) is currently 62.83%.

Large investors have recently bought and sold shares of the company. Maryland Capital Advisors Inc. bought a new position in shares of New Mountain Finance in the 4th quarter worth $25,000. Cornerstone Advisory LLC bought a new stake in shares of New Mountain Finance in the fourth quarter valued at about $40,000. Marshall Wace North America L.P. bought a new stake in shares of New Mountain Finance in the first quarter valued at about $68,000. Covington Capital Management bought a new stake in shares of New Mountain Finance in the fourth quarter valued at about $138,000. Finally, GYL Financial Synergies LLC bought a new stake in shares of New Mountain Finance in the third quarter valued at about $141,000. Institutional investors and hedge funds own 34.75% of the company’s stock.

About New Mountain Finance (Get Rating)

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 Âdefensive 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.

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