Annaly Capital Management (NLY) Set to Announce Earnings on Wednesday

Annaly Capital Management (NYSE:NLY) will be posting its quarterly earnings results after the market closes on Wednesday, April 28th. Analysts expect Annaly Capital Management to post earnings of $0.26 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, February 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $432.86 million during the quarter, compared to analyst estimates of $443.00 million. Annaly Capital Management had a negative net margin of 20.12% and a positive return on equity of 13.27%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS. On average, analysts expect Annaly Capital Management to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Annaly Capital Management stock opened at $8.76 on Wednesday. The firm has a 50-day moving average price of $8.71 and a 200-day moving average price of $8.17. The firm has a market capitalization of $12.25 billion, a PE ratio of -18.64, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.49. Annaly Capital Management has a 12-month low of $5.48 and a 12-month high of $9.02.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Wednesday, March 31st will be issued a $0.22 dividend. The ex-dividend date is Tuesday, March 30th. This represents a $0.88 annualized dividend and a dividend yield of 10.05%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 88.00%.

Separately, Zacks Investment Research upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating and set a $9.25 target price for the company in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Annaly Capital Management currently has an average rating of “Buy” and a consensus price target of $8.19.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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Earnings History for Annaly Capital Management (NYSE:NLY)

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