New Mountain Finance (NMFC) Scheduled to Post Quarterly Earnings on Wednesday

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New Mountain Finance (NYSE:NMFC) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect New Mountain Finance to post earnings of $0.35 per share for the quarter.

New Mountain Finance (NYSE:NMFC) last issued its earnings results on Monday, May 6th. The investment management company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). The company had revenue of $64.19 million during the quarter, compared to the consensus estimate of $62.83 million. New Mountain Finance had a return on equity of 10.37% and a net margin of 38.07%. On average, analysts expect New Mountain Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NMFC stock opened at $13.51 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market cap of $1.20 billion, a P/E ratio of 9.79 and a beta of 0.55. The stock has a 50-day moving average of $13.85. New Mountain Finance has a one year low of $12.06 and a one year high of $14.38.

Separately, Zacks Investment Research downgraded shares of New Mountain Finance from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th.

New Mountain Finance Company Profile

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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Earnings History for New Mountain Finance (NYSE:NMFC)

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