Wall Street analysts expect CM Finance Inc (NASDAQ:CMFN) to announce sales of $8.80 million for the current quarter, according to Zacks. Two analysts have made estimates for CM Finance’s earnings. The highest sales estimate is $8.90 million and the lowest is $8.70 million. CM Finance reported sales of $8.45 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.1%. The business is expected to announce its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that CM Finance will report full-year sales of $34.75 million for the current fiscal year, with estimates ranging from $34.40 million to $35.09 million. For the next fiscal year, analysts forecast that the company will report sales of $40.87 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for CM Finance.

CM Finance (NASDAQ:CMFN) last released its earnings results on Thursday, November 8th. The investment management company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The company had revenue of $8.26 million during the quarter, compared to the consensus estimate of $8.61 million. CM Finance had a return on equity of 11.33% and a net margin of 32.89%.

Several equities research analysts have commented on CMFN shares. Zacks Investment Research raised CM Finance from a “sell” rating to a “hold” rating in a report on Friday, October 26th. TheStreet downgraded CM Finance from a “b-” rating to a “c” rating in a report on Friday, September 28th. Finally, ValuEngine downgraded CM Finance from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. CM Finance presently has an average rating of “Hold” and a consensus target price of $9.75.

A hedge fund recently raised its stake in CM Finance stock. Tower Research Capital LLC TRC increased its holdings in shares of CM Finance Inc (NASDAQ:CMFN) by 123.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,222 shares of the investment management company’s stock after purchasing an additional 8,411 shares during the quarter. Tower Research Capital LLC TRC owned approximately 0.11% of CM Finance worth $131,000 at the end of the most recent reporting period. 51.44% of the stock is owned by institutional investors.

NASDAQ CMFN opened at $7.98 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.17 and a current ratio of 0.17. CM Finance has a twelve month low of $7.40 and a twelve month high of $9.90. The company has a market cap of $109.55 million, a P/E ratio of 5.70 and a beta of 1.15.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 12.53%. The ex-dividend date is Thursday, December 13th. CM Finance’s dividend payout ratio (DPR) is 71.94%.

About CM Finance

CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.

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Earnings History and Estimates for CM Finance (NASDAQ:CMFN)

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