New Mountain Finance (NASDAQ:NMFC) Announces Quarterly Earnings Results

New Mountain Finance (NASDAQ:NMFCGet Free Report) announced its earnings results on Wednesday. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01), Briefing.com reports. New Mountain Finance had a return on equity of 11.60% and a net margin of 31.65%. The business had revenue of $95.33 million for the quarter, compared to analysts’ expectations of $94.10 million. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year.

New Mountain Finance Stock Performance

New Mountain Finance stock traded up $0.19 during trading hours on Thursday, hitting $11.52. 1,078,454 shares of the stock traded hands, compared to its average volume of 399,295. The firm’s 50 day moving average price is $11.92 and its 200-day moving average price is $12.24. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 10.47 and a beta of 1.14. New Mountain Finance has a 1 year low of $11.13 and a 1 year high of $13.23.

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their price objective on shares of New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday.

Check Out 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.

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Earnings History for New Mountain Finance (NASDAQ:NMFC)

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