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

New Mountain Finance

02/05/2024 24:35

* New Mountain Finance Corp  NMFC.OQ  reported quarterly
adjusted
earnings of 36 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 31 cents.  The mean expectation of six analysts
for the quarter was for earnings of 38 cents per share. Wall
Street expected results to range from 36 cents to 39 cents per
share.
    * Revenue fell 13.9% to $79.17 million from a year ago;
analysts
expected $90.08 million. 
    * New Mountain Finance Corp's reported EPS for the quarter
was 26
cents​.
    * The company reported quarterly net income of $27.41
million.
    * New Mountain Finance Corp shares had fallen by 0.8% this
quarter and lost 1.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"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 May 1 at 11:34
p.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
 Mar. 31 2024      0.38           0.36           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