New Mountain Finance (NMFC) Set to Announce Quarterly Earnings on Wednesday

Posted by Defense World Staff on Oct 23rd, 2024

New Mountain Finance (NASDAQ:NMFC – Get Free Report) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

New Mountain Finance (NASDAQ:NMFC – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $94.59 million during the quarter, compared to the consensus estimate of $90.25 million. New Mountain Finance had a return on equity of 11.60% and a net margin of 31.65%. During the same quarter last year, the business posted $0.39 earnings per share. On average, analysts expect New Mountain Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

New Mountain Finance Stock Down 0.4 %

NMFC opened at $11.57 on Wednesday. The firm has a market cap of $1.25 billion, a P/E ratio of 10.42 and a beta of 1.14. The business’s fifty day simple moving average is $12.01 and its 200 day simple moving average is $12.29. New Mountain Finance has a 52 week low of $11.53 and a 52 week high of $13.23. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.40.

Analysts Set New Price Targets

Separately, Wells Fargo & Company decreased their price target on shares of New Mountain Finance from $12.50 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd.

Read Our Latest Research Report on New Mountain Finance

About New Mountain Finance

(Get Free Report)

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.