New Mountain Finance Corp reports results for the quarter ended in September 30 - Earnings Summary

New Mountain Finance

31/10/2024 02:50

* New Mountain Finance Corp  NMFC.OQ  reported quarterly
adjusted
earnings of 28 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 38 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 35 cents per
share. Wall Street expected results to range from 34 cents to 36
cents per share.
    * Revenue rose 2.3% to $84.28 million from a year ago;
analysts
expected $94.10 million. 
    * New Mountain Finance Corp's reported EPS for the quarter
was 22
cents​.
    * The company reported quarterly net income of $85.77
million.
    * New Mountain Finance Corp shares had fallen by 5.0% this
quarter and lost 10.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
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 October 31 at
02:49 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
 Sep. 30 2024      0.35           0.28           Missed
 Jun. 30 2024      0.36           0.36           Met
 Mar. 31 2024      0.38           0.36           Missed
 Dec. 31 2023      0.40           0.40           Met