New Mountain Finance (NMFC) to Release Earnings on Wednesday

New Mountain Finance (NASDAQ:NMFC) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect New Mountain Finance to post earnings of $0.38 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

New Mountain Finance (NASDAQ:NMFC) last posted its earnings results on Monday, February 26th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $92.80 million for the quarter, compared to analyst estimates of $94.03 million. New Mountain Finance had a return on equity of 11.93% and a net margin of 36.13%. During the same period in the previous year, the company posted $0.35 earnings per share. On average, analysts expect New Mountain Finance to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

New Mountain Finance Stock Performance

NMFC stock opened at $12.72 on Monday. The business’s 50-day moving average price is $12.60 and its two-hundred day moving average price is $12.72. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 1.34. The firm has a market cap of $1.35 billion, a PE ratio of 10.18 and a beta of 1.13. New Mountain Finance has a 1-year low of $11.38 and a 1-year high of $13.23.

New Mountain Finance Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from New Mountain Finance’s previous quarterly dividend of $0.32. This represents a $1.44 annualized dividend and a yield of 11.32%. New Mountain Finance’s payout ratio is currently 102.40%.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their target price on New Mountain Finance from $12.00 to $12.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th.

About New Mountain Finance

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.