Zacks: Brokerages Expect CM Finance Inc (CMFN) to Announce $0.26 EPS
Analysts expect CM Finance Inc (NASDAQ:CMFN) to report $0.26 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for CM Finance’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.25. CM Finance reported earnings per share of $0.36 in the same quarter last year, which indicates a negative year over year growth rate of 27.8%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 14th.
On average, analysts expect that CM Finance will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $1.02. For the next fiscal year, analysts expect that the business will report earnings of $1.06 per share, with EPS estimates ranging from $0.99 to $1.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow CM Finance.
CM Finance (NASDAQ:CMFN) last released its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). The business had revenue of $6.73 million for the quarter, compared to the consensus estimate of $7.48 million. CM Finance had a return on equity of 8.75% and a net margin of 74.32%.
CM Finance (CMFN) traded up $0.05 during midday trading on Thursday, reaching $8.60. The company had a trading volume of 32,774 shares, compared to its average volume of 28,971. The company has a market cap of $116.37, a price-to-earnings ratio of 7.87 and a beta of 1.37. CM Finance has a 1-year low of $8.00 and a 1-year high of $10.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.91 and a current ratio of 5.91.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.63%. The ex-dividend date is Thursday, December 14th. CM Finance’s dividend payout ratio is 60.98%.
In other news, CEO Michael Mauer acquired 4,000 shares of CM Finance stock in a transaction on Monday, September 11th. The shares were purchased at an average price of $9.61 per share, with a total value of $38,440.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.79% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Ares Management LLC lifted its stake in shares of CM Finance by 55.2% in the 2nd quarter. Ares Management LLC now owns 105,696 shares of the investment management company’s stock valued at $1,056,000 after purchasing an additional 37,596 shares during the period. Eagle Global Advisors LLC lifted its stake in shares of CM Finance by 19.8% in the 2nd quarter. Eagle Global Advisors LLC now owns 27,217 shares of the investment management company’s stock valued at $272,000 after purchasing an additional 4,500 shares during the period. Stephens Inc. AR lifted its stake in shares of CM Finance by 2.0% in the 2nd quarter. Stephens Inc. AR now owns 49,165 shares of the investment management company’s stock valued at $492,000 after purchasing an additional 947 shares during the period. KCG Holdings Inc. acquired a new position in shares of CM Finance in the 1st quarter valued at $133,000. Finally, Caxton Corp lifted its stake in shares of CM Finance by 3.6% in the 2nd quarter. Caxton Corp now owns 55,102 shares of the investment management company’s stock valued at $551,000 after purchasing an additional 1,898 shares during the period. 45.38% of the stock is currently owned by institutional investors.
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CM Finance Company Profile
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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