Capstead Mortgage Corporation (CMO) Set to Announce Quarterly Earnings on Wednesday
Capstead Mortgage Corporation (NYSE:CMO) is scheduled to announce its earnings results after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
Capstead Mortgage Corporation (NYSE:CMO) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). The company had revenue of $56.34 million for the quarter, compared to analyst estimates of $26.13 million. Capstead Mortgage Corporation had a return on equity of 7.31% and a net margin of 35.05%. During the same period in the previous year, the firm posted $0.19 earnings per share. On average, analysts expect Capstead Mortgage Corporation to post $0.75 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.
Capstead Mortgage Corporation (NYSE:CMO) opened at 9.68 on Wednesday. The firm has a market capitalization of $930.29 million, a P/E ratio of 15.87 and a beta of 0.38. Capstead Mortgage Corporation has a one year low of $9.10 and a one year high of $11.41. The firm’s 50-day moving average price is $9.63 and its 200 day moving average price is $10.23.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.76 annualized dividend and a yield of 7.85%. Capstead Mortgage Corporation’s payout ratio is 124.59%.
Several analysts have issued reports on CMO shares. BidaskClub lowered shares of Capstead Mortgage Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded shares of Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.00.
About Capstead Mortgage Corporation
Capstead Mortgage Corporation operates as a self-managed real estate investment trust (REIT). The Company manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae).
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