Wall Street brokerages expect New Mountain Finance Co. (NASDAQ:NMFC – Get Rating) to report sales of $68.62 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for New Mountain Finance’s earnings, with the lowest sales estimate coming in at $67.72 million and the highest estimate coming in at $69.53 million. New Mountain Finance posted sales of $67.71 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.3%. The company is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.
On average, analysts expect that New Mountain Finance will report full-year sales of $275.53 million for the current fiscal year, with estimates ranging from $271.92 million to $279.15 million. For the next financial year, analysts anticipate that the firm will report sales of $277.07 million, with estimates ranging from $272.18 million to $281.95 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for New Mountain Finance.
New Mountain Finance (NASDAQ:NMFC – Get Rating) last issued its quarterly earnings results on Monday, February 28th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.07). New Mountain Finance had a return on equity of 9.14% and a net margin of 74.33%. During the same period last year, the company posted $0.30 earnings per share.
NASDAQ NMFC traded up $0.14 during trading on Friday, hitting $13.64. The company’s stock had a trading volume of 342,415 shares, compared to its average volume of 336,790. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.04 and a quick ratio of 2.04. The company has a market cap of $1.34 billion, a PE ratio of 7.14 and a beta of 1.30. The business’s 50 day simple moving average is $13.62 and its 200-day simple moving average is $13.60. 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. Investors of record on Thursday, March 17th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date of this dividend was Wednesday, March 16th. New Mountain Finance’s dividend payout ratio (DPR) is 62.83%.
Hedge funds have recently made changes to their positions in the stock. Maryland Capital Advisors Inc. purchased a new position in New Mountain Finance during the fourth quarter valued at approximately $25,000. Cornerstone Advisory LLC purchased a new position in New Mountain Finance during the fourth quarter valued at approximately $40,000. Marshall Wace North America L.P. purchased a new position in New Mountain Finance during the first quarter valued at approximately $68,000. Covington Capital Management purchased a new position in New Mountain Finance during the fourth quarter valued at approximately $138,000. Finally, GYL Financial Synergies LLC purchased a new position in New Mountain Finance during the third quarter valued at approximately $141,000. Institutional investors 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 growthÂ 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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