New Mountain Finance Corp reports results for the quarter ended in December - Earnings Summary

New Mountain Finance

27/02/2024 04:27

* New Mountain Finance Corp  NMFC.OQ  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 35 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 40 cents per
share. Wall Street expected results to range from 39 cents to 41
cents per share.
    * Revenue rose 11.4% to $82.53 million from a year ago;
analysts
expected $93.28 million. 
    * New Mountain Finance Corp's reported EPS for the quarter
was 26
cents​.
    * The company reported quarterly net income of $27.24
million.
    * New Mountain Finance Corp shares had fallen by 0.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for New
Mountain
Finance Corp is $13.00 

This summary was machine generated from LSEG data February 27 at
04:26 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.40           0.40           Met
 Sep. 30 2023      0.40           0.38           Missed
 Jun. 30 2023      0.38           0.39           Beat
 Mar. 31 2023      0.36           0.31           Missed