Wall Avenue brokerages hope New Mountain Finance Co. (NASDAQ:NMFC – Get Ranking) to announce profits of $68.62 million for the present quarter, Zacks reports. Two analysts have issued estimates for New Mountain Finance’s earnings, with the least expensive product sales estimate coming in at $67.72 million and the maximum estimate coming in at $69.53 million. New Mountain Finance posted revenue of $67.71 million through the exact quarter previous 12 months, which indicates a optimistic yr in excess of 12 months development price of 1.3%. The small business is anticipated to report its following earnings report following the market place closes on Monday, January 1st.
On normal, analysts count on that New Mountain Finance will report entire-calendar year profits of $275.53 million for the present-day money 12 months, with estimates ranging from $271.92 million to $279.15 million. For the upcoming calendar year, analysts hope that the enterprise will submit sales of $277.07 million, with estimates ranging from $272.18 million to $281.95 million. Zacks’ product sales calculations are a necessarily mean ordinary based mostly on a survey of provide-aspect analysts that stick to New Mountain Finance.
New Mountain Finance (NASDAQ:NMFC – Get Rating) very last produced its earnings success on Monday, February 28th. The company claimed $.23 earnings for every share (EPS) for the quarter, lacking the Zacks’ consensus estimate of $.30 by ($.07). New Mountain Finance had a internet margin of 74.33% and a return on fairness of 9.14%. Throughout the same quarter last yr, the firm posted $.30 EPS.
A range of investigate analysts just lately issued experiences on NMFC shares. Janney Montgomery Scott assumed coverage on shares of New Mountain Finance in a exploration report on Monday, February 7th. They established a “buy” score on the inventory. Zacks Expense Analysis lowered shares of New Mountain Finance from a “buy” ranking to a “hold” score in a analysis note on Wednesday, January 5th.
New Mountain Finance inventory opened at $13.60 on Friday. The organization has a swift ratio of 2.04, a latest ratio of 2.04 and a debt-to-fairness ratio of 1.42. New Mountain Finance has a 12-thirty day period very low of $12.51 and a 12-thirty day period substantial of $14.11. The firm’s fifty working day going average is $13.61 and its 200 working day relocating common is $13.59. The organization has a market capitalization of $1.34 billion, a PE ratio of 7.12 and a beta of 1.30.
The enterprise also a short while ago announced a quarterly dividend, which was compensated on Thursday, March 31st. Stockholders of file on Thursday, March 17th ended up paid a $.30 dividend. The ex-dividend day was Wednesday, March 16th. This signifies a $1.20 annualized dividend and a dividend generate of 8.82%. New Mountain Finance’s payout ratio is 62.83%.
Various hedge cash and other institutional buyers have lately bought and marketed shares of NMFC. Maryland Funds Advisors Inc. purchased a new stake in shares of New Mountain Finance in the 4th quarter well worth $25,000. Cornerstone Advisory LLC bought a new stake in shares of New Mountain Finance in the 4th quarter truly worth $40,000. Marshall Wace North America L.P. acquired a new stake in shares of New Mountain Finance in the 1st quarter value $68,000. Covington Cash Administration bought a new position in New Mountain Finance for the duration of the fourth quarter valued at about $138,000. Lastly, GYL Money Synergies LLC bought a new position in New Mountain Finance in the course of the third quarter valued at about $141,000. Hedge funds and other institutional investors have 34.75% of the company’s inventory.
New Mountain Finance Business Profile (Get Ranking)
New Mountain Finance Corporation (Nasdaq: NMFC), a company enhancement company is a personal equity / buyouts and mortgage fund specializes in right investing and lending to middle current market businesses in Âdefensive growthÂ industries. The fund prefers investing in buyout and middle market businesses. It also helps make investments in debt securities at all levels of the funds construction including to start with and 2nd lien credit card debt, unsecured notes and mezzanine securities.
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