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

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

New Mountain Finance Trading Down 0.4 %

Shares of NMFC stock traded down $0.05 during trading hours on Thursday, hitting $12.63. 487,465 shares of the company were exchanged, compared to its average volume of 423,305. The firm has a market cap of $1.34 billion, a P/E ratio of 10.10 and a beta of 1.11. New Mountain Finance has a fifty-two week low of $11.38 and a fifty-two week high of $13.23. The company has a 50 day simple moving average of $12.60 and a two-hundred day simple moving average of $12.71. The company has a debt-to-equity ratio of 1.34, a quick ratio of 2.92 and a current ratio of 2.92.

Analyst Upgrades and Downgrades

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