Equities research analysts expect New Mountain Finance Corp. (NYSE:NMFC) to post $0.35 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for New Mountain Finance’s earnings. New Mountain Finance reported earnings per share of $0.34 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, August 7th.
On average, analysts expect that New Mountain Finance will report full year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.40 to $1.41. For the next financial year, analysts anticipate that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.40 to $1.42. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow New Mountain Finance.
New Mountain Finance (NYSE:NMFC) last released its quarterly earnings data on Monday, May 6th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). New Mountain Finance had a return on equity of 10.37% and a net margin of 38.07%. The business had revenue of $64.19 million during the quarter, compared to analyst estimates of $62.83 million.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LSV Asset Management boosted its stake in New Mountain Finance by 12.5% during the 1st quarter. LSV Asset Management now owns 2,323,600 shares of the investment management company’s stock valued at $31,531,000 after acquiring an additional 258,429 shares during the last quarter. Round Table Services LLC boosted its stake in New Mountain Finance by 4.9% during the 2nd quarter. Round Table Services LLC now owns 1,533,784 shares of the investment management company’s stock valued at $21,427,000 after acquiring an additional 71,950 shares during the last quarter. Confluence Investment Management LLC boosted its stake in New Mountain Finance by 0.7% during the 1st quarter. Confluence Investment Management LLC now owns 924,957 shares of the investment management company’s stock valued at $12,552,000 after acquiring an additional 6,603 shares during the last quarter. Legal & General Group Plc boosted its stake in New Mountain Finance by 14.8% during the 4th quarter. Legal & General Group Plc now owns 348,288 shares of the investment management company’s stock valued at $4,394,000 after acquiring an additional 44,878 shares during the last quarter. Finally, Williams Jones & Associates LLC boosted its stake in New Mountain Finance by 0.8% during the 1st quarter. Williams Jones & Associates LLC now owns 261,975 shares of the investment management company’s stock valued at $3,555,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 33.48% of the company’s stock.
NMFC traded down $0.01 during trading hours on Thursday, reaching $13.76. 316,015 shares of the stock traded hands, compared to its average volume of 409,762. The business’s fifty day moving average price is $13.88. The firm has a market cap of $1.20 billion, a P/E ratio of 9.97 and a beta of 0.56. New Mountain Finance has a fifty-two week low of $12.06 and a fifty-two week high of $14.38. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.39.
About New Mountain Finance
New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation.
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