CM Finance Inc (NASDAQ:CMFN) Expected to Post Earnings of $0.25 Per Share
Analysts predict that CM Finance Inc (NASDAQ:CMFN) will post earnings per share of $0.25 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CM Finance’s earnings. CM Finance reported earnings of $0.32 per share during the same quarter last year, which would suggest a negative year over year growth rate of 21.9%. The firm is scheduled to issue its next earnings results on Tuesday, August 29th.
On average, analysts expect that CM Finance will report full-year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.14. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.07 per share, with EPS estimates ranging from $1.00 to $1.14. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover CM Finance.
CM Finance (NASDAQ:CMFN) last announced its earnings results on Wednesday, May 10th. The investment management company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. CM Finance had a net margin of 72.19% and a return on equity of 10.11%. The business had revenue of $7.08 million during the quarter, compared to the consensus estimate of $7.24 million.
Separately, Zacks Investment Research cut CM Finance from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 4th.
Shares of CM Finance (NASDAQ CMFN) traded up 0.49% during trading on Thursday, hitting $10.20. 44,119 shares of the company’s stock were exchanged. CM Finance has a one year low of $8.50 and a one year high of $10.80. The firm has a 50-day moving average price of $10.23 and a 200-day moving average price of $10.11.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Friday, June 16th were given a $0.25 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.80%. CM Finance’s payout ratio is 60.24%.
Several institutional investors have recently made changes to their positions in CMFN. Stifel Financial Corp raised its position in CM Finance by 0.7% in the first quarter. Stifel Financial Corp now owns 36,556 shares of the investment management company’s stock worth $367,000 after buying an additional 251 shares during the period. Stephens Inc. AR raised its position in CM Finance by 2.8% in the first quarter. Stephens Inc. AR now owns 48,218 shares of the investment management company’s stock worth $489,000 after buying an additional 1,328 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in CM Finance by 5.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 105,232 shares of the investment management company’s stock worth $1,068,000 after buying an additional 5,014 shares during the period. Eagle Global Advisors LLC raised its position in CM Finance by 30.0% in the first quarter. Eagle Global Advisors LLC now owns 22,717 shares of the investment management company’s stock worth $231,000 after buying an additional 5,240 shares during the period. Finally, KCG Holdings Inc. bought a new position in CM Finance during the first quarter worth approximately $133,000. Institutional investors own 42.16% of the company’s stock.
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About CM Finance
CM Finance Inc is an externally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The Company’s primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies.
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