Brokerages Expect ANNALY CAP MGMT/SH (NYSE:NLY) to Announce $0.21 Earnings Per Share

Brokerages predict that ANNALY CAP MGMT/SH (NYSE:NLY) will post earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for ANNALY CAP MGMT/SH’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.20. ANNALY CAP MGMT/SH posted earnings of $0.25 per share in the same quarter last year, which suggests a negative year over year growth rate of 16%. The business is scheduled to report its next quarterly earnings results on Wednesday, July 29th.

On average, analysts expect that ANNALY CAP MGMT/SH will report full year earnings of $0.89 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $0.91. For the next financial year, analysts expect that the firm will post earnings of $0.94 per share, with EPS estimates ranging from $0.88 to $1.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for ANNALY CAP MGMT/SH.

ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $51.55 million during the quarter, compared to analyst estimates of $376.45 million. ANNALY CAP MGMT/SH had a negative net margin of 142.51% and a positive return on equity of 11.46%. During the same quarter in the previous year, the firm earned $0.29 EPS.

Several equities research analysts recently commented on NLY shares. Barclays cut their price target on shares of ANNALY CAP MGMT/SH from $10.00 to $7.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Wells Fargo & Co cut their price target on shares of ANNALY CAP MGMT/SH from $10.00 to $7.50 and set an “equal weight” rating for the company in a report on Friday, May 1st. ValuEngine lowered shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. UBS Group cut their price target on shares of ANNALY CAP MGMT/SH from $9.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Bank of America lifted their target price on shares of ANNALY CAP MGMT/SH from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $7.94.

NYSE NLY traded up $0.02 on Tuesday, hitting $6.56. The company had a trading volume of 22,633,597 shares, compared to its average volume of 21,310,842. The company has a market capitalization of $9.28 billion, a PE ratio of -1.86 and a beta of 1.07. The company’s fifty day moving average price is $6.50 and its 200-day moving average price is $7.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.15. ANNALY CAP MGMT/SH has a 12-month low of $3.51 and a 12-month high of $10.50.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, June 29th. This represents a $0.88 annualized dividend and a yield of 13.41%. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 120.00%.

In other news, CFO Serena Wolfe purchased 20,000 shares of the stock in a transaction dated Monday, May 4th. The shares were purchased at an average price of $6.12 per share, with a total value of $122,400.00. Following the transaction, the chief financial officer now owns 20,000 shares in the company, valued at approximately $122,400. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David L. Finkelstein purchased 100,000 shares of the stock in a transaction dated Monday, May 4th. The shares were purchased at an average cost of $6.12 per share, for a total transaction of $612,000.00. Following the transaction, the chief executive officer now owns 500,000 shares in the company, valued at approximately $3,060,000. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 370,000 shares of company stock worth $2,226,400. 0.36% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Wealth Quarterback LLC acquired a new position in shares of ANNALY CAP MGMT/SH during the 4th quarter valued at about $3,571,041,000. Wells Fargo & Company MN raised its holdings in ANNALY CAP MGMT/SH by 16.1% in the 1st quarter. Wells Fargo & Company MN now owns 24,497,922 shares of the real estate investment trust’s stock valued at $124,206,000 after buying an additional 3,390,196 shares during the period. APG Asset Management N.V. raised its holdings in ANNALY CAP MGMT/SH by 776.4% in the 1st quarter. APG Asset Management N.V. now owns 19,173,160 shares of the real estate investment trust’s stock valued at $170,584,000 after buying an additional 16,985,412 shares during the period. Geode Capital Management LLC raised its holdings in ANNALY CAP MGMT/SH by 8.9% in the 1st quarter. Geode Capital Management LLC now owns 18,179,174 shares of the real estate investment trust’s stock valued at $92,098,000 after buying an additional 1,482,940 shares during the period. Finally, Norges Bank purchased a new stake in ANNALY CAP MGMT/SH in the 4th quarter valued at about $150,687,000. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

About ANNALY CAP MGMT/SH

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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