New Mountain Finance (NASDAQ:NMFC) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

New Mountain Finance (NASDAQ:NMFC - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.02), Briefing.com reports. New Mountain Finance had a net margin of 36.13% and a return on equity of 11.93%. The firm had revenue of $90.56 million for the quarter, compared to analysts' expectations of $90.08 million. During the same quarter in the previous year, the business earned $0.38 EPS. The company's revenue for the quarter was down 1.5% on a year-over-year basis.

New Mountain Finance Trading Down 0.4 %

Shares of NASDAQ:NMFC traded down $0.05 on Thursday, reaching $12.63. 487,465 shares of the company traded hands, compared to its average volume of 423,305. The business's 50-day simple moving average is $12.60 and its 200 day simple moving average is $12.71. New Mountain Finance has a 52 week low of $11.38 and a 52 week high of $13.23. The stock has a market capitalization of $1.34 billion, a P/E ratio of 10.10 and a beta of 1.11. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 1.34.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their price target on New Mountain Finance from $12.00 to $12.50 and gave the company an "equal weight" rating in a research report on Monday, January 29th.

New Mountain Finance Company Profile

New Mountain Finance Corporation Nasdaq: NMFC, a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities.