New Mountain Finance Corporation (NMFC) Set to Announce Quarterly Earnings on Monday
New Mountain Finance Corporation (NYSE:NMFC) will be issuing its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
New Mountain Finance Corporation (NYSE:NMFC) last announced its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. New Mountain Finance Corporation had a net margin of 65.22% and a return on equity of 10.15%. The company had revenue of $50.02 million for the quarter, compared to analysts’ expectations of $47.66 million. On average, analysts expect New Mountain Finance Corporation to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of New Mountain Finance Corporation (NYSE:NMFC) opened at $13.95 on Friday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 10.07 and a beta of 0.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.84.
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A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.00 price target on shares of New Mountain Finance Corporation in a report on Tuesday, July 25th. BidaskClub lowered shares of New Mountain Finance Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, Zacks Investment Research upgraded shares of New Mountain Finance Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, July 12th.
About New Mountain Finance Corporation
New Mountain Finance Corporation is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities.
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