New Mountain Finance (NASDAQ:NMFC) Releases Earnings Results, Misses Expectations By $0.01 EPS

New Mountain Finance (NASDAQ:NMFC) announced its quarterly earnings data on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01), Briefing.com reports. The firm had revenue of $95.33 million during the quarter, compared to analysts’ expectations of $94.10 million. New Mountain Finance had a return on equity of 11.60% and a net margin of 31.65%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share.

New Mountain Finance Price Performance

Shares of NASDAQ:NMFC traded up $0.18 during midday trading on Thursday, reaching $11.51. 1,020,745 shares of the company were exchanged, compared to its average volume of 399,022. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40. The business’s fifty day moving average is $11.92 and its two-hundred day moving average is $12.24. New Mountain Finance has a one year low of $11.13 and a one year high of $13.23. The stock has a market cap of $1.24 billion, a PE ratio of 10.47 and a beta of 1.14.

Analyst Ratings Changes

Separately, Wells Fargo & Company reduced their price objective on shares of New Mountain Finance from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday.

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.