$0.25 EPS Expected for CM Finance Inc (CMFN) This Quarter

Wall Street analysts expect CM Finance Inc (NASDAQ:CMFN) to post earnings per share (EPS) of $0.25 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for CM Finance’s earnings. CM Finance reported earnings of $0.27 per share in the same quarter last year, which would indicate a negative year over year growth rate of 7.4%. The firm is expected to report its next earnings report on Wednesday, February 6th.

On average, analysts expect that CM Finance will report full-year earnings of $0.97 per share for the current year, with EPS estimates ranging from $0.85 to $1.05. For the next financial year, analysts anticipate that the business will report earnings of $1.09 per share, with EPS estimates ranging from $1.07 to $1.11. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover CM Finance.

CM Finance (NASDAQ:CMFN) last posted its earnings results on Thursday, November 8th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $8.26 million during the quarter, compared to the consensus estimate of $8.61 million. CM Finance had a net margin of 32.89% and a return on equity of 11.33%.

CMFN has been the subject of a number of research reports. ValuEngine upgraded shares of CM Finance from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Zacks Investment Research downgraded shares of CM Finance from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. Finally, TheStreet downgraded shares of CM Finance from a “b-” rating to a “c” rating in a research report on Friday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $9.75.

NASDAQ CMFN opened at $7.96 on Friday. The firm has a market cap of $108.60 million, a P/E ratio of 5.73 and a beta of 1.15. CM Finance has a 1 year low of $7.40 and a 1 year high of $9.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.17 and a quick ratio of 0.17.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Friday, December 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 12.56%. CM Finance’s dividend payout ratio is presently 71.94%.

A hedge fund recently raised its stake in CM Finance stock. Tower Research Capital LLC TRC boosted its holdings in shares of CM Finance Inc (NASDAQ:CMFN) by 123.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,222 shares of the investment management company’s stock after purchasing an additional 8,411 shares during the period. Tower Research Capital LLC TRC owned about 0.11% of CM Finance worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 51.44% of the stock is owned by institutional investors.

CM Finance Company Profile

CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.

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Earnings History and Estimates for CM Finance (NASDAQ:CMFN)

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