Zacks: Analysts Anticipate CM Finance Inc (CMFN) Will Post Quarterly Sales of $8.80 Million

Wall Street brokerages expect CM Finance Inc (NASDAQ:CMFN) to report sales of $8.80 million for the current quarter, Zacks reports. Two analysts have provided estimates for CM Finance’s earnings, with estimates ranging from $8.70 million to $8.90 million. CM Finance posted sales of $8.45 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 6th.

On average, analysts expect that CM Finance will report full-year sales of $34.75 million for the current year, with estimates ranging from $34.40 million to $35.09 million. For the next financial year, analysts expect that the company will post sales of $40.87 million. Zacks’ sales averages are an average based on a survey of research firms that cover CM Finance.

CM Finance (NASDAQ:CMFN) last posted its earnings results on Thursday, November 8th. The investment management company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. CM Finance had a net margin of 32.89% and a return on equity of 11.33%. The business had revenue of $8.26 million during the quarter, compared to the consensus estimate of $8.61 million.



A number of equities research analysts have commented on CMFN shares. ValuEngine raised shares of CM Finance from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. TheStreet downgraded shares of CM Finance from a “b-” rating to a “c” rating in a research report on Friday, September 28th. Finally, Zacks Investment Research raised shares of CM Finance from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $9.75.

NASDAQ:CMFN traded down $0.22 during trading hours on Friday, reaching $6.77. The company had a trading volume of 29,434 shares, compared to its average volume of 29,139. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.66. CM Finance has a 52 week low of $5.58 and a 52 week high of $9.90. The company has a market cap of $98.23 million, a PE ratio of 4.87 and a beta of 1.30.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 3rd. Shareholders of record on Friday, December 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 14.77%. The ex-dividend date was Thursday, December 13th. CM Finance’s dividend payout ratio (DPR) is presently 71.94%.

A hedge fund recently raised its stake in CM Finance stock. Tower Research Capital LLC TRC raised its holdings in shares of CM Finance Inc (NASDAQ:CMFN) by 123.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,222 shares of the investment management company’s stock after acquiring an additional 8,411 shares during the quarter. Tower Research Capital LLC TRC owned approximately 0.11% of CM Finance worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 50.74% of the stock is 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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