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

Wall Street brokerages predict that New Mountain Finance Co. (NYSE:NMFCGet Rating) will announce earnings of $0.30 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for New Mountain Finance’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.30. New Mountain Finance also posted earnings per share of $0.30 during the same quarter last year. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that New Mountain Finance will report full-year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.20 to $1.28. For the next financial year, analysts anticipate that the firm will post earnings of $1.20 per share, with EPS estimates ranging from $1.16 to $1.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover New Mountain Finance.

Separately, started coverage on New Mountain Finance in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of NYSE NMFC opened at $12.63 on Wednesday. New Mountain Finance has a 1-year low of $12.26 and a 1-year 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 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.

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