Wall Street brokerages predict that CM Finance Inc (NASDAQ:CMFN) will announce earnings of $0.25 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for CM Finance’s earnings. CM Finance posted earnings of $0.32 per share in the same quarter last year, which would suggest a negative year over year growth rate of 21.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 29th.
On average, analysts expect that CM Finance will report full-year earnings of $1.13 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.14. For the next financial year, analysts anticipate that the business will post earnings of $1.07 per share, with EPS estimates ranging from $1.00 to $1.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover CM Finance.
CM Finance (NASDAQ:CMFN) last issued its quarterly earnings results on Wednesday, May 10th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. CM Finance had a return on equity of 10.11% and a net margin of 72.19%. The company had revenue of $7.08 million for the quarter, compared to analysts’ expectations of $7.24 million.
Separately, Zacks Investment Research upgraded shares of CM Finance from a “sell” rating to a “hold” rating in a research report on Monday, July 17th.
Several hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in CM Finance by 23.3% in the first quarter. UBS Group AG now owns 184,656 shares of the investment management company’s stock worth $1,874,000 after buying an additional 34,840 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in CM Finance by 5.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 105,232 shares of the investment management company’s stock worth $1,068,000 after buying an additional 5,014 shares in the last quarter. Ares Management LLC boosted its stake in CM Finance by 27.1% in the first quarter. Ares Management LLC now owns 68,100 shares of the investment management company’s stock worth $691,000 after buying an additional 14,500 shares in the last quarter. Stephens Inc. AR boosted its stake in CM Finance by 2.8% in the first quarter. Stephens Inc. AR now owns 48,218 shares of the investment management company’s stock worth $489,000 after buying an additional 1,328 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in CM Finance by 0.7% in the first quarter. Stifel Financial Corp now owns 36,556 shares of the investment management company’s stock worth $367,000 after buying an additional 251 shares in the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.
Shares of CM Finance (NASDAQ CMFN) traded down 0.545% during trading on Wednesday, hitting $10.045. The stock had a trading volume of 18,022 shares. The stock’s 50 day moving average is $10.17 and its 200 day moving average is $10.15. CM Finance has a 52 week low of $8.50 and a 52 week high of $10.80.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CM Finance Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CM Finance Inc and related companies with MarketBeat.com's FREE daily email newsletter.