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New Mountain Finance (NMFC)
NASDAQ:NMFC
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
0.36Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -3.33%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance by NMFC, highlighted by a successful transaction with UniTek, stable dividends, and strong credit performance. However, there were challenges such as a decline in net asset value, decreased investment income, and a slower-than-expected M&A environment. Despite these challenges, the company's strategic focus and strong recurring earnings support a positive outlook.Company Guidance
During New Mountain Finance Corporation's Q4 2024 earnings call, key financial metrics were highlighted by the management team. Adjusted net investment income was reported at $0.32 per share, effectively covering the $0.32 per share regular dividend disbursed in December. The net asset value per share stood at $12.55, marking a slight decline of $0.07 or 0.6% from the previous quarter. The call also emphasized the absence of new non-accruals and the maintenance of a robust portfolio with no companies rated red on their risk heat map. Looking forward, a $0.32 dividend for Q1 2025 was announced, with plans to pay it on March 31 to shareholders of record as of March 17. Additionally, the company completed a strategic transaction involving the sale of a stake in UniTek Global Services, which resulted in a $42 million return through a partial exit and a retained 31% ownership stake, aligning with the firm's strategic priorities. The call underscored NMFC's commitment to maintaining a senior-oriented asset portfolio and highlighted a diversified approach across defensive, non-cyclical sectors. The firm also noted the strategic focus on optimizing liabilities, with an aim to have 75% of its liabilities as floating rate over the next year.Successful UniTek Global Services Transaction
BTG Pactual Strategic Capital invested $90 million in UniTek, valuing it at $370 million, resulting in a two times multiple on the original cost basis for NMFC and returning $42 million through full redemption of UniTek's debt tranches.
Stable Dividend and Strong Recurring Earnings
Adjusted net investment income for the quarter was $0.32 per share, covering the $0.32 per share regular dividend. A $0.32 dividend was announced for March 31, supported by recurring earnings and a renewed dividend protection program.
Strong Credit Performance and Low Non-Accruals
The portfolio had no new non-accruals during the quarter, and only 1.2% of the portfolio was on non-accrual. NMFC has experienced only 12 basis points of average annualized net realized losses over nearly 14 years.
Increase in Senior-Oriented Assets
The portfolio mix evolved to 75% senior-oriented assets, with a focus on maintaining or increasing this mix, which includes first lien and unitranche loans.
Consistent Performance and Dividend Returns
Since its IPO in 2011, NMFC has returned approximately $1.4 billion to shareholders, generating an annualized return of 10% and a dividend yield of approximately 11%.
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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 |
|---|---|---|---|
| Feb 26, 2025 | $11.41 | $11.17 | -2.10% |
| Oct 30, 2024 | $10.70 | $10.79 | +0.84% |
| Jul 31, 2024 | $11.38 | $11.35 | -0.26% |
| May 01, 2024 | $11.32 | $11.28 | -0.35% |
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 May 12, 2025, TBA Not Confirmed.
What is New Mountain Finance (NMFC) earnings time?
New Mountain Finance (NMFC) earnings time is at May 12, 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 2025 (Q1) is 0.32.
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