New Mountain Finance (NMFC) to Release Quarterly Earnings on Wednesday

New Mountain Finance (NASDAQ:NMFC) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect New Mountain Finance to post earnings of $0.38 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $92.80 million during the quarter, compared to analyst estimates of $94.03 million. New Mountain Finance had a return on equity of 11.93% and a net margin of 36.13%. During the same period last year, the company posted $0.35 EPS. On average, analysts expect New Mountain Finance to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

New Mountain Finance Price Performance

NMFC stock opened at $12.70 on Wednesday. The company has a market capitalization of $1.35 billion, a P/E ratio of 10.16 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a quick ratio of 2.92 and a current ratio of 2.92. New Mountain Finance has a 52-week low of $11.38 and a 52-week high of $13.23. The business has a 50-day simple moving average of $12.60 and a two-hundred day simple moving average of $12.72.

New Mountain Finance Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.34%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from New Mountain Finance’s previous quarterly dividend of $0.32. New Mountain Finance’s payout ratio is presently 102.40%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted their target price on shares of New Mountain Finance from $12.00 to $12.50 and gave the company an “equal weight” rating in a report on Monday, January 29th.

New Mountain Finance Company Profile

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.