New Mountain Finance Stock (NASDAQ: NMFC)

New Mountain Finance (NASDAQ:NMFC) Stock

New Mountain Finance

New Mountain Finance Corp is a closed-end, non-diversified management investment company. It invests in equity interests such as preferred stock, common stock, warrants, or options received in connection with debt investments or may include direct investment in the equity of private companies. The company's investment objective is to generate current income and capital appreciation through sourcing and origination of debt securities at all levels of the capital structure, including first and second-lien debt, notes, bonds, and mezzanine securities.

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New Mountain Finance Corporation - Common Stock

New Mountain Finance Corp

New Mountain Finance Corporation - 8.250% Notes due 2028

New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.35 by 2.86 percent. The company reported quarterly sales of $95.327 million which beat the analyst consensus estimate of $94.103 million by 1.30 percent. This is a 1.04 percent increase over sales of $94.349 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

New Mountain Finance Q3 2024 Adj. EPS $0.34 Misses $0.35 Estimate, Sales $95.327M Beat $94.103M Estimate

Wells Fargo analyst Finian O'Shea maintains New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) with a Equal-Weight and lowers the price target from $12 to $11.

Price Target

Analyst Ratings

Wells Fargo Maintains Equal-Weight on New Mountain Finance, Lowers Price Target to $11

Buybacks

New Mountain Finance Board Authorizes Extension Of Previously Established Stock Repurchase Program Through December 31, 2025

New Mountain Finance Corporation (the "Company," "we," "us" or "our") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) today announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.200% unsecured notes due 2027 (the "Notes").
The Notes will mature on October 15, 2027, and may be redeemed in whole or in part at the Company's option at any time prior to October 15, 2027, at par plus a "make-whole" premium plus accrued interest. The Notes will bear interest at a rate of 6.200% per year payable semi-annually on April 15 and October 15 of each year, beginning April 15, 2025.
The offering is expected to close on September 26, 2024, subject to the satisfaction of customary closing conditions.

Offerings

Reported Earlier, New Mountain Finance Raised $300M Via Secondary Offering Of Unsecured Notes Due 2027

Wells Fargo analyst Timothy O'Shea maintains New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) with a Equal-Weight and lowers the price target from $12.5 to $12.

Wells Fargo Maintains Equal-Weight on New Mountain Finance, Lowers Price Target to $12

New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) reported quarterly earnings of $0.36 per share which met the analyst consensus estimate. The company reported quarterly sales of $94.588 million which beat the analyst consensus estimate of $89.604 million by 5.56 percent. This is a 0.95 percent decrease over sales of $95.492 million the same period last year.

New Mountain Finance Q2 2024 GAAP EPS $0.36, Inline, Sales $94.588M Beat $89.604M Estimate

New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.38 by 5.26 percent. This is a 5.26 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $90.556 million which beat the analyst consensus estimate of $90.085 million by 0.52 percent. This is a 1.52 percent decrease over sales of $91.953 million the same period last year.

New Mountain Finance Q1 2024 GAAP EPS $0.36 Misses $0.38 Estimate, Sales $90.556M Beat $90.085M Estimate

New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) reported its Q4 earnings results on Monday, February 26, 2024 at 04:35 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
New Mountain Finance missed estimated earnings by 0.0%, reporting an EPS of $0.4 versus an estimate of $0.4.
Revenue was up $18.90 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.0 which was followed by a 1.0% increase in the share price the next day.
Here's a look at New Mountain Finance's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.4</td>
<td>0.39</td>
<td>0.36</td>
<td>0.35</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.4</td>
<td>0.39</td>
<td>0.38</td>
<td>0.35</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>94.43M</td>
<td>93.58M</td>
<td>86.35M</td>
<td>82.64M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>94.35M</td>
<td>95.49M</td>
<td>91.95M</td>
<td>73.90M</td>
</tr>
</tbody>
</table>

To track all earnings releases for New Mountain Finance <a href="https://www.benzinga.com/quote/NMFC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: New Mountain Finance Q4 Earnings

New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) reported quarterly earnings of $0.40 per share which met the analyst consensus estimate. The company reported quarterly sales of $92.80 million which missed the analyst consensus estimate of $93.28 million by 0.51 percent. This is a 25.58 percent increase over sales of $73.90 million the same period last year.

New Mountain Finance Q4 2023 GAAP EPS $0.40, Inline, Sales $92.80M Miss $93.28M Estimate

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&bull; Clear Channel Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCO#NYSE">CCO</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $610.14 million.
&bull; Lincoln Educational Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINC#NASDAQ">LINC</a>) is expected to report quarterly earnings at $0.27 per share on revenue of $96.20 million.
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&bull; Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is likely to report earnings for its fourth quarter.
&bull; Public Service Enterprise (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $2.40 billion.
&bull; Domino&#39;s Pizza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) is likely to report quarterly earnings at $4.37 per share on revenue of $1.42 billion.
&bull; Fidelity National Info (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) is expected to report quarterly earnings at $0.94 per share on revenue of $2.53 billion.
&bull; Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) is estimated to report quarterly earnings at $0.40 per share on revenue of $4.47 billion.
&bull; Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) is expected to report quarterly loss at $0.12 per share on revenue of $5.21 million.
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&bull; Innovative Ind Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIPR#NYSE">IIPR</a>) is likely to report earnings for its fourth quarter.
&bull; Diversified Healthcare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DHC#NASDAQ">DHC</a>) is likely to report earnings for its fourth quarter.
&bull; Franklin Street Props (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FSP#AMEX">FSP</a>) is likely to report earnings for its fourth quarter.
&bull; Dril-Quip (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRQ#NYSE">DRQ</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $118.50 million.
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&bull; FibroGen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGEN#NASDAQ">FGEN</a>) is expected to report quarterly loss at $0.42 per share on revenue of $38.90 million.
&bull; Quanterix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTRX#NASDAQ">QTRX</a>) is likely to report quarterly loss at $0.32 per share on revenue of $29.84 million.
&bull; Staar Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAA#NASDAQ">STAA</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $75.89 million.
&bull; Sezzle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) is projected to report earnings for its fourth quarter.
&bull; Aarons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAN#NYSE">AAN</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $542.07 million.
&bull; Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) is likely to report quarterly loss at $0.28 per share on revenue of $320 thousand.
&bull; ATI Physical Therapy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATIP#NYSE">ATIP</a>) is projected to report quarterly loss at $3.74 per share on revenue of $177.39 million.
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&bull; ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) is expected to report quarterly earnings at $1.21 per share on revenue of $5.89 billion.
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&bull; Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $1.13 billion.
&bull; Heidrick &amp; Struggles Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSII#NASDAQ">HSII</a>) is estimated to report quarterly earnings at $0.68 per share on revenue of $248.12 million.
&bull; SkyWater Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) is projected to report quarterly loss at $0.12 per share on revenue of $74.84 million.
&bull; FS KKR Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSK#NYSE">FSK</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $453.28 million.
&bull; CrossAmerica Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAPL#NYSE">CAPL</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $1.11 billion.
&bull; PubMatic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PUBM#NASDAQ">PUBM</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $78.20 million.
&bull; MasterBrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBC#NYSE">MBC</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $666.70 million.
&bull; Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) is expected to report quarterly earnings at $0.82 per share on revenue of $298.26 million.
&bull; New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $93.28 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 26, 2024

New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-26. Here's what investors need to know before the announcement.
Analysts estimate that New Mountain Finance will report an earnings per share (EPS) of $0.40. 
New Mountain Finance bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 0.63% increase in the share price the next day.
Here's a look at New Mountain Finance's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.4</td>
<td>0.39</td>
<td>0.36</td>
<td>0.35</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.4</td>
<td>0.39</td>
<td>0.38</td>
<td>0.35</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.63%</td>
<td>0.39%</td>
<td>0.0%</td>
<td>-1.71%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708704042_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of New Mountain Finance were trading at $12.69 as of February 22. Over the last 52-week period, shares are down 1.32%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/NMFC/earnings">To track all earnings releases for New Mountain Finance visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: New Mountain Finance

Wells Fargo analyst Timothy O'Shea maintains New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) with a Equal-Weight and raises the price target from $12 to $12.5.

Wells Fargo Maintains Equal-Weight on New Mountain Finance, Raises Price Target to $12.5

New Mountain Finance Corporation Says Preliminary Net Investment Income Per Share For The Three Months Ended December 31, 2023 Was Between $0.39 Per Share And $0.40 Per Share (Consensus: $0.4)

New Mountain Finance Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) ("NMFC" or "the Company") today announced that on December 8, 2023, its board of directors declared a special distribution of the Company's excess undistributed taxable income. The special distribution will be in the amount of $0.10 per share payable on December 29, 2023 to shareholders of record as of December 22, 2023. The special distribution is driven primarily from the gain realized on our investment in Haven Midstream Holdings LLC, which, due to unique circumstances, was treated as taxable ordinary income. Regulated investment company rules require distribution of at least 90% of annual ordinary taxable income. This special distribution is being made to enable NMFC to comply with this requirement.
In addition, the Company's board of directors authorized an extension of a previously established stock repurchase program (the "Repurchase Program"). Pursuant to the Repurchase Program, the Company can repurchase up to $50 million worth of its common stock at the discretion of NMFC's management team. The Repurchase Program was set to expire on December 31, 2023, but the Company's board of directors elected to extend the Repurchase Program through December 31, 2024. Under the Repurchase Program, NMFC may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time provided that NMFC complies with the prohibitions under its Code of Ethics and the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended, including certain price, market volume and timing constraints. Unless further extended by NMFC's board of directors, the Company expects the Repurchase Program to be in place until the earlier of December 31, 2024 or until $50 million worth of NMFC's outstanding shares of common stock have been repurchased. To date, approximately $2.9 million worth of repurchases have been made by the Company under the Repurchase Program.

Dividends

New Mountain Finance Corporation Declares A Special Distribution Of $0.10 Per Share And Announces The Extension Of Its Stock Repurchase Program To December 31, 2024

Management

New Mountain Finance Corporation Appoints Kris Corbett As CFO Effective Nov. 27

New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) reported quarterly earnings of $0.40 per share which met the analyst consensus estimate. This is a 25 percent increase over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $94.35 million which missed the analyst consensus estimate of $94.43 million by 0.09 percent. This is a 20.27 percent increase over sales of $78.45 million the same period last year.

New Mountain Finance Q3 2023 EPS $0.40, Inline, Sales $94.35M Miss $94.43M Estimate

Wells Fargo has decided to maintain its Equal-Weight rating of New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) and raise its price target from $11.50 to $12.00.
Shares of New Mountain Finance are trading up 3.09% over the last 24 hours, at $13.16 per share.
A move to $12.00 would account for a 8.85% decline from the current share price.
<h3>About New Mountain Finance</h3>
New Mountain Finance Corp is a closed-end, non-diversified management investment company. It invests in equity interests such as preferred stock, common stock, warrants, or options received in connection with debt investments or may include direct investment in the equity of private companies. The company's investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second-lien debt, notes, bonds, and mezzanine securities.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Wells Fargo Maintains Equal-Weight Rating for New Mountain Finance: Here's What You Need To Know

Wells Fargo analyst Timothy O'Shea maintains New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) with a Equal-Weight and raises the price target from $11.5 to $12.

Wells Fargo Maintains Equal-Weight on New Mountain Finance, Raises Price Target to $12

New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) reported quarterly earnings of $0.39 per share which met the analyst consensus estimate. This is a 25.81 percent increase over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $95.49 million which beat the analyst consensus estimate of $93.58 million by 2.04 percent. This is a 30.61 percent increase over sales of $73.11 million the same period last year.

New Mountain Finance Q2 EPS $0.39, Inline, Sales $95.49M Beat $93.58M Estimate

New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-08-02. Here's what investors need to know before the announcement.
Analysts estimate that New Mountain Finance will report an earnings per share (EPS) of $0.39. 
New Mountain Finance bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 0.0% drop in the share price the next day.
Here's a look at New Mountain Finance's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.35</td>
<td>0.31</td>
<td>0.30</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.38</td>
<td>0.35</td>
<td>0.32</td>
<td>0.31</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-1.71%</td>
<td>-2.09%</td>
<td>-0.9%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1690909338_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of New Mountain Finance were trading at $12.75 as of July 31. Over the last 52-week period, shares are down 3.35%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/NMFC/earnings">To track all earnings releases for New Mountain Finance visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For New Mountain Finance

Press Releases

New Mountain Finance Corporation Schedules its First Quarter 2024 Earnings Release and Conference Call

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2024

New Mountain Finance Corporation Schedules its Second Quarter 2024 Earnings Release and Conference Call

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended June 30, 2024

New Mountain Finance Corporation Prices Public Offering of $300 Million 6.200% Notes Due 2027

New Mountain Finance Corporation Schedules its Third Quarter 2024 Earnings Release and Conference Call

New Mountain Finance Corporation Announces the Extension of its Stock Repurchase Program

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2024

KBW Announces Index Rebalancing for Fourth-Quarter 2024

New Mountain Finance Corporation Schedules its Fourth Quarter and Year Ended December 31, 2024 Earnings Release and Conference Call

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