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

New Mountain Finance

01/08/2024 02:32

* New Mountain Finance Corp  NMFC.OQ  reported quarterly
adjusted
earnings of 36 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 39 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 36 cents per share. Wall Street
expected results to range from 35 cents to 37 cents per share.
    * Revenue fell 0.9% to $94.59 million from a year ago;
analysts
expected $89.60 million. 
    * New Mountain Finance Corp's reported EPS for the quarter
was 32
cents​.
    * The company reported quarterly net income of $34.47
million.
    * New Mountain Finance Corp shares had risen by 2.1% this
quarter and lost 1.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.6%
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." 
    * The average consensus recommendation for the closed end
funds
peer group is also "buy"

Wall Street's median 12-month price target for New Mountain
Finance Corp is $13.00 
This summary was machine generated from LSEG data August 1 at
01:32 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
 Jun. 30 2024                     0.36           
 Mar. 31 2024                     0.36           
 Dec. 31 2023      0.40           0.40           Met
 Sep. 30 2023      0.40           0.38           Missed