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New Mountain Finance (NMFC)
NASDAQ:NMFC
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.34Last Year’s EPS
$0.4Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 3.00%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
While NMFC reports strong credit performance and strategic financial maneuvers, challenges like a decline in NAV and concerns over PIK income suggest balanced outcomes. The sentiment indicates cautious optimism amid market pressures.Company Guidance
In the third quarter of 2024, New Mountain Finance Corporation (NMFC) reported an adjusted net investment income of $0.34 per share, surpassing its regular dividend payout of $0.32 per share. The company maintained a stable net asset value (NAV) per share of $12.62, reflecting a slight decline of $0.12 or 0.9% from the previous quarter. NMFC recorded no new non-accruals, demonstrating robust credit performance across its portfolio. The firm announced its seventh consecutive variable supplemental dividend of $0.01 per share, to be distributed on December 31, 2024. Furthermore, NMFC has paid $0.20 per share in supplemental dividends since the inception of the program in Q2 2023. The company aims to cover its base dividend in the coming quarters, although it does not anticipate issuing further supplemental dividends. If quarterly net investment income (NII) falls below $0.32 per share, NMFC has committed to reducing its incentive fee to maintain the dividend level. The strength of NMFC is attributed to its strategic focus on defensive growth sectors and the quality of its team, with New Mountain Capital managing over $55 billion in assets. The firm has experienced only 13 basis points of average annualized net realized losses over its 13-year history as a public company, while distributing over $18 per share in cumulative dividends.Adjusted Net Investment Income
Adjusted net investment income for the quarter was $0.34 per share, covering the regular dividend of $0.32 per share.
Portfolio Credit Performance
No new non-accruals during the quarter with 97.3% of the portfolio rated green, the highest level since 2020.
Investment Strategy and Track Record
Since IPO, NMFC has returned over $1.3 billion to shareholders through dividends, achieving an annualized return of approximately 10%.
Dividend History
NMFC has paid $0.20 per share in supplemental dividends since the program started in Q2 2023.
Interest Rate Sensitivity
NMFC's portfolio is 86% floating rate while liabilities are 53% floating rate, showcasing risk mitigation strategies.
Strong Liquidity Position
NMFC has $3 billion in total borrowing capacity with $896 million available on revolving lines.
Successful Bond Issuance
Issued a second $300 million investment-grade bond, used to refinance higher-cost credit facilities.
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NMFC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NMFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $11.01 | $11.11 | +0.91% |
| Jul 31, 2024 | $11.72 | $11.69 | -0.26% |
| May 01, 2024 | $11.66 | $11.61 | -0.43% |
| Feb 26, 2024 | $11.34 | $11.56 | +1.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does New Mountain Finance (NMFC) report earnings?
New Mountain Finance (NMFC) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is New Mountain Finance (NMFC) earnings time?
New Mountain Finance (NMFC) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NMFC EPS forecast?
NMFC EPS forecast for the fiscal quarter 2024 (Q4) is $0.34.
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