New Mountain Finance (NASDAQ:NMFC) Announces Earnings Results, Misses Estimates By $0.02 EPS

New Mountain Finance (NASDAQ:NMFC) announced its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.02), Briefing.com reports. The business had revenue of $90.56 million during the quarter, compared to the consensus estimate of $90.08 million. New Mountain Finance had a net margin of 36.13% and a return on equity of 11.93%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS.

New Mountain Finance Trading Down 0.1 %

New Mountain Finance stock traded down $0.01 during trading hours on Thursday, reaching $12.67. 348,293 shares of the company’s stock traded hands, compared to its average volume of 421,303. The company has a debt-to-equity ratio of 1.34, a quick ratio of 2.92 and a current ratio of 2.92. New Mountain Finance has a fifty-two week low of $11.38 and a fifty-two week high of $13.23. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 10.24 and a beta of 1.11. The firm’s 50 day moving average is $12.60 and its 200-day moving average is $12.71.

Wall Street Analysts Forecast Growth

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

New Mountain Finance Company Profile

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.