New Mountain Finance Corporation - Common Stock (NMFC)

Shares of business development company New Mountain Finance (NASDAQ:NMFC) fell 4.2% in the morning session after Bank of America Securities downgraded the stock's rating from "Buy" to "Underperform" and slashed its price target. 

Financial firms serve as the backbone of the economy, providing essential services from lending and investment management to risk management and payment processing. Market leaders have certainly capitalized on a favorable backdrop to boost profitability, helping fuel a 8.6% gain for the industry over the past six months. This performance has closely followed the S&P 500.

NMFC stock results show that New Mountain Finance met analyst estimates for earnings per share but beat on revenue for the second quarter of 2024.

NMFC stock results show that New Mountain Finance missed analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.

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New Mountain Finance (NASDAQ:NMFC) is set to give its latest quarterly earnings report on Tuesday, 2022-11-08. Here's what investors need to know before the announcement. Analysts estimate that New Mountain Finance will report an earnings per share (EPS) of $0.31.