$8.61 Million in Sales Expected for CM Finance Inc (CMFN) This Quarter

Equities analysts expect CM Finance Inc (NASDAQ:CMFN) to announce sales of $8.61 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for CM Finance’s earnings, with the lowest sales estimate coming in at $8.60 million and the highest estimate coming in at $8.61 million. CM Finance posted sales of $6.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.9%. The business is expected to announce its next earnings report after the market closes on Wednesday, November 7th.

According to Zacks, analysts expect that CM Finance will report full-year sales of $35.69 million for the current fiscal year, with estimates ranging from $35.30 million to $36.08 million. For the next fiscal year, analysts anticipate that the business will report sales of $39.98 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow CM Finance.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings data on Wednesday, September 5th. The investment management company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.54. CM Finance had a return on equity of 11.10% and a net margin of 38.31%. The company had revenue of $16.94 million during the quarter, compared to analysts’ expectations of $8.64 million.

Several research firms have recently weighed in on CMFN. Zacks Investment Research cut CM Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 10th. ValuEngine raised CM Finance from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, TheStreet cut CM Finance from a “b-” rating to a “c” rating in a research report on Friday, September 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.75.

Shares of CMFN traded up $0.05 during mid-day trading on Wednesday, hitting $7.95. The company’s stock had a trading volume of 1,014 shares, compared to its average volume of 18,014. CM Finance has a one year low of $7.40 and a one year high of $9.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $108.25 million, a price-to-earnings ratio of 5.72 and a beta of 1.18.

The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Tuesday, September 18th were given a $0.25 dividend. The ex-dividend date was Monday, September 17th. This represents a $1.00 annualized dividend and a yield of 12.58%. CM Finance’s dividend payout ratio (DPR) is currently 71.94%.

A hedge fund recently bought a new stake in CM Finance stock. Acadian Asset Management LLC bought a new position in CM Finance Inc (NASDAQ:CMFN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,132 shares of the investment management company’s stock, valued at approximately $179,000. Acadian Asset Management LLC owned 0.15% of CM Finance at the end of the most recent reporting period. 51.91% of the stock is currently owned by institutional investors.

About CM Finance

CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.

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Earnings History and Estimates for CM Finance (NASDAQ:CMFN)

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