New Mountain Finance Corporation (NYSE:NMFC) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.30 per share.
For the full year, analysts predict revenues of $ 269.58 million, while looking forward to income of $ 1.20 per share.
Previous Quarter Performance
New Mountain Finance Corporation unveiled income for the second quarter of $ 0.30 per share, from the revenue of $ 65.97 million. Wall street analysts are predicting revenue of $ 68.38 million The top line results fell short of analysts by $ 2.41 million or 3.52 percent.
Stock Performance
Shares of New Mountain Finance Corporation traded up $ 0.12 or 1.28 percent on Tuesday, reaching $ 9.46 with volume of 249.40 thousand shares. New Mountain Finance Corporation has traded high as $ 9.48 and has cracked $ 9.33 on the downward trend
According to the previous trading day, closing price of $ 9.46, representing a 102.16 % increase from the 52 week low of $ 4.62 and a 35.36 % decrease over the 52 week high of $ 14.45.
The company has a market capital of $ 915.99 million and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.30 per share on July 29, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 16, 2020 and ex-dividend date on September 15, 2020.
New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation. It seeks to invest in United States.
