New Mountain Finance Co. (NYSE:NMFC) Expected to Post Quarterly Sales of $68.62 Million

Wall Street brokerages expect New Mountain Finance Co. (NYSE:NMFCGet Rating) to report sales of $68.62 million for the current quarter, according to Zacks. Two analysts have provided estimates for New Mountain Finance’s earnings, with the highest sales estimate coming in at $69.53 million and the lowest estimate coming in at $67.72 million. New Mountain Finance reported sales of $67.71 million in the same quarter last year, which indicates a positive year over year growth rate of 1.3%. 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 sales of $275.53 million for the current fiscal year, with estimates ranging from $271.92 million to $279.15 million. For the next year, analysts expect that the firm will post sales of $277.07 million, with estimates ranging from $272.18 million to $281.95 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for New Mountain Finance.

Separately, assumed coverage on shares of New Mountain Finance in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of NYSE:NMFC opened at $13.60 on Friday. New Mountain Finance has a 12 month low of $12.51 and a 12 month high of $14.11.

New Mountain Finance Company Profile (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.

Further Reading

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