Brokerages Expect CM Finance Inc (CMFN) Will Post Earnings of $0.26 Per Share

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.

A number of equities analysts recently weighed in on the company. TheStreet lowered CM Finance from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. ValuEngine downgraded CM Finance from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

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.

TRADEMARK VIOLATION WARNING: “Brokerages Expect CM Finance Inc (CMFN) Will Post Earnings of $0.26 Per Share” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/02/07/brokerages-expect-cm-finance-inc-cmfn-will-post-earnings-of-0-26-per-share.html.

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.

Get a free copy of the Zacks research report on CM Finance (CMFN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CM Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CM Finance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply