Equities research analysts expect CM Finance Inc (NASDAQ:CMFN) to post $0.26 earnings per share for the current quarter, according to Zacks. Two analysts have made 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 posted earnings of $0.36 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 27.8%. The business is scheduled to report its next earnings report after the market closes on Wednesday, February 7th.
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 year, analysts expect that the company will post earnings of $1.06 per share, with EPS estimates ranging from $0.99 to $1.13. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover CM Finance.
CM Finance (NASDAQ:CMFN) last released its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). CM Finance had a net margin of 74.32% and a return on equity of 8.75%. The company had revenue of $6.73 million during the quarter, compared to analyst estimates of $7.48 million.
CM Finance (NASDAQ CMFN) opened at $7.80 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 5.91 and a quick ratio of 5.91. CM Finance has a 1 year low of $7.40 and a 1 year high of $10.80. The firm has a market capitalization of $107.47, a price-to-earnings ratio of 4.76 and a beta of 1.27.
A number of institutional investors have recently made changes to their positions in CMFN. JPMorgan Chase & Co. lifted its stake in CM Finance by 1,788.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,620 shares of the investment management company’s stock worth $1,310,000 after acquiring an additional 134,120 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in CM Finance in the 3rd quarter worth about $459,000. Finally, Caxton Corp lifted its stake in CM Finance by 11.5% in the 3rd quarter. Caxton Corp now owns 61,429 shares of the investment management company’s stock worth $574,000 after acquiring an additional 6,327 shares in the last quarter. 44.96% of the stock is owned by hedge funds and other institutional investors.
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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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