$68.91 Million in Sales Expected for New Mountain Finance Co. (NYSE:NMFC) This Quarter

Equities analysts predict that New Mountain Finance Co. (NYSE:NMFCGet Rating) will post $68.91 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for New Mountain Finance’s earnings. The lowest sales estimate is $68.12 million and the highest is $69.70 million. New Mountain Finance reported sales of $66.56 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.5%. The business is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that New Mountain Finance will report full year sales of $275.53 million for the current financial year, with estimates ranging from $271.92 million to $279.15 million. For the next fiscal 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 averages are a mean average based on a survey of sell-side research firms that cover New Mountain Finance.

Separately, StockNews.com began coverage on New Mountain Finance in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

NYSE:NMFC opened at $12.43 on Friday. New Mountain Finance has a 1 year low of $12.26 and a 1 year high of $14.11.

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 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.

Further Reading

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