Angel Oak Mortgage REIT (AOMR) Scheduled to Post Quarterly Earnings on Tuesday

Angel Oak Mortgage REIT (NYSE:AOMR) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.44). Angel Oak Mortgage REIT had a net margin of 35.14% and a negative return on equity of 12.35%. The firm had revenue of $24.55 million during the quarter, compared to analysts’ expectations of $25.19 million. On average, analysts expect Angel Oak Mortgage REIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Angel Oak Mortgage REIT Price Performance

Shares of AOMR stock traded down $0.11 during mid-day trading on Tuesday, hitting $10.71. 5,601 shares of the stock were exchanged, compared to its average volume of 42,968. Angel Oak Mortgage REIT has a 52-week low of $7.02 and a 52-week high of $11.92. The company has a quick ratio of 5.65, a current ratio of 5.65 and a debt-to-equity ratio of 4.57. The company has a market cap of $267.43 million, a PE ratio of 8.01 and a beta of 1.40. The firm has a fifty day moving average of $10.70 and a 200 day moving average of $10.29.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 11.95%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 94.81%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AOMR shares. Oppenheimer reiterated a “market perform” rating on shares of Angel Oak Mortgage REIT in a research report on Wednesday, March 6th. B. Riley restated a “neutral” rating and set a $12.00 price target on shares of Angel Oak Mortgage REIT in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company raised their target price on shares of Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc, a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. It offers investment securities; residential mortgage loans; and commercial mortgage loans.