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

New Mountain Finance

03/11/2023 06:20

* New Mountain Finance Corp  NMFC.OQ  reported quarterly
adjusted
earnings of 38 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 30 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 20.3% to $94.35 million from a year ago;
analysts
expected $94.43 million. 
    * New Mountain Finance Corp's reported EPS for the quarter
was 27
cents​.
    * The company reported quarterly net income of $28.7
million.
    * New Mountain Finance Corp shares had fallen by 1.9% this
quarter and gained 2.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
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," 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 $13.50 
This summary was machine generated from LSEG data November 3 at
06:19 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.40           0.38           Missed
 Jun. 30 2023      0.38           0.39           Beat
 Mar. 31 2023      0.36           0.31           Missed
 Dec. 31 2022      0.35           0.35           Met