New Mountain Finance (NMFC) to Release Quarterly Earnings on Wednesday

New Mountain Finance (NASDAQ:NMFC) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $92.80 million during 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 last year, the company earned $0.35 EPS. 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 Price Performance

NASDAQ:NMFC opened at $12.70 on Wednesday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 10.16 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. The business has a 50 day simple moving average of $12.60 and a 200-day simple moving average of $12.72. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.92 and a quick ratio of 2.92.

New Mountain Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 11.34%. This is a positive change from New Mountain Finance’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, March 14th. New Mountain Finance’s dividend payout ratio (DPR) is presently 102.40%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their price objective on New Mountain Finance from $12.00 to $12.50 and gave the company an “equal weight” rating in a research note 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.