Zacks: Analysts Anticipate Annaly Capital Management (NLY) to Announce $0.27 Earnings Per Share

Brokerages expect that Annaly Capital Management (NYSE:NLY) will post earnings of $0.27 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Annaly Capital Management’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.26. Annaly Capital Management reported earnings of $0.30 per share during the same quarter last year, which indicates a negative year over year growth rate of 10%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 1st.

According to Zacks, analysts expect that Annaly Capital Management will report full-year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.24. For the next year, analysts expect that the firm will report earnings of $1.12 per share, with EPS estimates ranging from $0.99 to $1.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Annaly Capital Management.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. The company had revenue of $512.07 million for the quarter, compared to analysts’ expectations of $349.17 million. Annaly Capital Management had a return on equity of 11.85% and a net margin of 99.62%. The firm’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share.

NLY has been the topic of a number of recent research reports. Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Tuesday, April 24th. Bank of America upgraded Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. Compass Point upgraded Annaly Capital Management from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 13th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Annaly Capital Management in a research note on Friday, February 16th. Finally, ValuEngine cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Six investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Annaly Capital Management currently has an average rating of “Hold” and an average target price of $11.75.

NLY stock traded up $0.03 during mid-day trading on Thursday, reaching $10.41. The company had a trading volume of 9,533,030 shares, compared to its average volume of 8,672,988. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.03 and a current ratio of 0.02. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 7.19 and a beta of 0.02. Annaly Capital Management has a one year low of $9.94 and a one year high of $12.73.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Thursday, March 29th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.53%. The ex-dividend date was Wednesday, March 28th. Annaly Capital Management’s dividend payout ratio is currently 98.36%.

In related news, insider Anthony C. Green acquired 23,250 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of $10.42 per share, for a total transaction of $242,265.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. White Lighthouse Investment Management Inc. acquired a new position in Annaly Capital Management during the fourth quarter worth about $960,000. Smith Moore & CO. acquired a new position in Annaly Capital Management during the fourth quarter worth about $135,000. Toronto Dominion Bank grew its holdings in Annaly Capital Management by 49.1% during the fourth quarter. Toronto Dominion Bank now owns 67,957 shares of the real estate investment trust’s stock worth $808,000 after acquiring an additional 22,386 shares during the period. Allianz Asset Management GmbH grew its holdings in Annaly Capital Management by 39.6% during the fourth quarter. Allianz Asset Management GmbH now owns 8,090,636 shares of the real estate investment trust’s stock worth $96,198,000 after acquiring an additional 2,294,902 shares during the period. Finally, BlackRock Inc. grew its holdings in Annaly Capital Management by 4.0% during the fourth quarter. BlackRock Inc. now owns 98,105,683 shares of the real estate investment trust’s stock worth $1,166,474,000 after acquiring an additional 3,747,677 shares during the period. Institutional investors and hedge funds own 59.94% of the company’s stock.

About Annaly Capital Management

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.

Get a free copy of the Zacks research report on Annaly Capital Management (NLY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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



Leave a Reply