Capstead Mortgage (NYSE:CMO) will be issuing its quarterly earnings data after the market closes on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
Capstead Mortgage (NYSE:CMO) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). Capstead Mortgage had a return on equity of 7.16% and a net margin of 34.00%. The firm had revenue of $57.44 million during the quarter, compared to analysts’ expectations of $24.10 million. During the same quarter in the previous year, the company posted $0.13 earnings per share.
Capstead Mortgage (NYSE CMO) opened at $8.85 on Tuesday. Capstead Mortgage has a fifty-two week low of $8.51 and a fifty-two week high of $11.41. The company has a quick ratio of 15.28, a current ratio of 15.28 and a debt-to-equity ratio of 12.29. The stock has a market capitalization of $850.53, a PE ratio of 14.75 and a beta of 0.30.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date is Thursday, December 28th. Capstead Mortgage’s payout ratio is currently 126.67%.
CMO has been the subject of a number of research reports. Keefe, Bruyette & Woods upgraded Capstead Mortgage from a “market perform” rating to an “outperform” rating in a report on Thursday, December 7th. ValuEngine upgraded Capstead Mortgage from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.00.
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About Capstead Mortgage
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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