Zacks: Brokerages Anticipate CM Finance Inc (CMFN) Will Post Quarterly Sales of $8.80 Million

Wall Street analysts predict that CM Finance Inc (NASDAQ:CMFN) will report $8.80 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for CM Finance’s earnings, with estimates ranging from $8.70 million to $8.90 million. CM Finance posted sales of $8.45 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The company is expected to announce its next earnings report on Wednesday, February 6th.

On average, analysts expect that CM Finance will report full-year sales of $34.75 million for the current year, with estimates ranging from $34.40 million to $35.09 million. For the next financial year, analysts forecast that the company will post sales of $40.87 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for CM Finance.

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

CMFN has been the subject of several research analyst 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 lowered shares of CM Finance from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. Finally, TheStreet lowered shares of CM Finance from a “b-” rating to a “c” rating in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.75.

CM Finance stock traded down $0.09 during mid-day trading on Friday, hitting $7.87. 13,854 shares of the company traded hands, compared to its average volume of 15,576. CM Finance has a one year low of $7.40 and a one year high of $9.90. The firm has a market cap of $107.37 million, a PE ratio of 5.66 and a beta of 1.15. 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 declared a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 12.71%. The ex-dividend date of this dividend is Thursday, December 13th. CM Finance’s dividend payout ratio (DPR) is presently 71.94%.

An institutional investor recently raised its position in CM Finance stock. Tower Research Capital LLC TRC grew its holdings in shares of CM Finance Inc (NASDAQ:CMFN) by 123.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,222 shares of the investment management company’s stock after acquiring an additional 8,411 shares during the quarter. Tower Research Capital LLC TRC owned 0.11% of CM Finance worth $131,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 51.44% of the company’s stock.

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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