MTGE Investment (MTGE) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

MTGE Investment (NASDAQ:MTGE) released its earnings results on Monday, February 5th. The real estate investment trust reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03, Bloomberg Earnings reports. MTGE Investment had a return on equity of 10.53% and a net margin of 177.04%. The firm had revenue of $22.60 million for the quarter, compared to analysts’ expectations of $32.17 million. During the same quarter in the previous year, the business posted $0.50 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year.

Shares of MTGE Investment (NASDAQ MTGE) traded up $0.25 during mid-day trading on Monday, hitting $17.00. The company had a trading volume of 606,192 shares, compared to its average volume of 428,735. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 4.05. MTGE Investment has a twelve month low of $15.70 and a twelve month high of $20.00. The company has a market cap of $778.56, a P/E ratio of 4.97 and a beta of 0.27.

A number of research analysts recently weighed in on the company. Maxim Group boosted their target price on MTGE Investment from $20.50 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. BidaskClub raised MTGE Investment from a “sell” rating to a “hold” rating in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.50.

TRADEMARK VIOLATION WARNING: “MTGE Investment (MTGE) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.dispatchtribunal.com/2018/02/12/mtge-investment-mtge-posts-quarterly-earnings-results-misses-estimates-by-0-01-eps.html.

About MTGE Investment

MTGE Investment Corp., formerly American Capital Mortgage Investment Corp., is a real estate investment trust. The Company invests in, finances and manages a leveraged portfolio of real estate-related investments, which include agency residential mortgage-backed securities (RMBS), non-agency securities, other mortgage-related investments and other real estate investments.

Earnings History for MTGE Investment (NASDAQ:MTGE)

Receive News & Ratings for MTGE Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTGE Investment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply