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New Mountain Finance (NMFC)
NASDAQ:NMFC
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.32Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 9.83%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted effective dividend coverage, stable portfolio credit performance, and strategic measures like a stock repurchase program and minimized tariff exposure. However, challenges include a slight decline in NAV, market volatility affecting M&A, and high PIK income levels. Despite these challenges, the company has several levers to maintain performance, suggesting a balanced outlook.Company Guidance
During the first quarter of 2025, New Mountain Finance Corporation reported an adjusted net investment income of $0.32 per share, which covered their $0.32 per share dividend paid in cash on March 31st. The net asset value per share was $12.45, reflecting a slight decline of $0.1 or 80 basis points. The portfolio's loan-to-value stood at 43%, with 96% of the portfolio rated green and no red names. NMFC announced a $0.32 dividend payable on June 30th, supported by strong recurring earnings and better fee income. The current stock price implies a 21% discount to book value, with a dividend yield of 13%. Additionally, NMFC's Board authorized a stock repurchase program of up to $47 million. The company successfully raised $15.4 billion for its Private Equity Fund 7 in the previous year, with New Mountain managing over $55 billion in assets. The portfolio's average yield decreased to 10.7%, and PIK income was reduced from 19% to 17%. The portfolio's net realized loss rate has been approximately 7 basis points since the IPO. The Dividend Protection Program, which can provide up to $0.02 of extra dividend support per quarter, is in place through 2026.Dividend Coverage and Net Investment Income
Adjusted net investment income for the quarter was $0.32 per share, covering the $0.32 per share dividend. The dividend will continue to be supported by strong recurring earnings and an additional Dividend Protection Program if necessary.
Portfolio Stability and Credit Performance
Over 96% of the portfolio is classified as 'green' with no 'red' names, indicating stable credit performance. The internal risk ratings of the portfolio were consistent with 96.5% green rated, and no new non-accruals were reported.
Stock Repurchase Program
The Board authorized a stock repurchase program to buy back up to $47 million of NMFC shares, aiming to take advantage of the current 21% discount to book value.
Sector and Tariff Exposure
NMFC has only 2% exposure to sectors most at risk for tariffs compared to 13% for peers, with a focus on sectors like healthcare, IT, and infrastructure services which have low tariff exposure.
Successful Private Equity Fundraising
New Mountain Capital successfully raised a $15.4 billion Private Equity Fund 7, up from $9.6 billion for the previous fund, showcasing strong fundraising capabilities.
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
NMFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | $9.46 | $9.85 | +4.12% |
Feb 26, 2025 | $11.07 | $10.83 | -2.17% |
Oct 30, 2024 | $10.37 | $10.46 | +0.87% |
Jul 31, 2024 | $11.04 | $11.01 | -0.27% |
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.
FAQ
When does New Mountain Finance (NMFC) report earnings?
New Mountain Finance (NMFC) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is New Mountain Finance (NMFC) earnings time?
New Mountain Finance (NMFC) earnings time is at Jul 30, 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 (Q2) is 0.32.