Chimera Investment Co. (CIM) Expected to Announce Earnings of $0.61 Per Share

Wall Street analysts forecast that Chimera Investment Co. (NYSE:CIM) will post earnings of $0.61 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Chimera Investment’s earnings. Chimera Investment posted earnings per share of $0.51 in the same quarter last year, which would indicate a positive year over year growth rate of 19.6%. The business is expected to report its next quarterly earnings report on Monday, May 7th.

On average, analysts expect that Chimera Investment will report full year earnings of $2.40 per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of $2.28 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Chimera Investment.

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Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Chimera Investment had a net margin of 46.07% and a return on equity of 12.92%. The firm had revenue of $157.75 million during the quarter, compared to the consensus estimate of $148.90 million. During the same period in the prior year, the firm posted $0.65 earnings per share.

CIM has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Chimera Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Credit Suisse Group raised shares of Chimera Investment from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $18.01 to $19.00 in a research note on Thursday, January 25th. Deutsche Bank raised shares of Chimera Investment from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. ValuEngine downgraded shares of Chimera Investment from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.00 price target on shares of Chimera Investment in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.75.

Several large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Chimera Investment by 35.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 18,323 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 4,772 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Chimera Investment during the fourth quarter valued at approximately $380,000. Banco de Sabadell S.A purchased a new stake in shares of Chimera Investment during the fourth quarter valued at approximately $527,000. Segall Bryant & Hamill LLC grew its holdings in shares of Chimera Investment by 8.7% during the fourth quarter. Segall Bryant & Hamill LLC now owns 214,575 shares of the real estate investment trust’s stock valued at $3,965,000 after buying an additional 17,094 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new stake in shares of Chimera Investment during the fourth quarter valued at approximately $311,000. Hedge funds and other institutional investors own 50.18% of the company’s stock.

CIM stock traded down $0.16 during trading on Thursday, reaching $17.17. The company had a trading volume of 837,903 shares, compared to its average volume of 1,294,076. Chimera Investment has a 52 week low of $15.77 and a 52 week high of $20.90. The company has a market cap of $3,254.74, a P/E ratio of 7.34 and a beta of 0.51. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.02 and a quick ratio of 0.02.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.65%. The ex-dividend date of this dividend is Thursday, March 29th. Chimera Investment’s payout ratio is 85.47%.

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Chimera Investment Company Profile

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.

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