Capstead Mortgage Corp. (CMO) to Release Quarterly Earnings on Wednesday
Capstead Mortgage Corp. (NYSE:CMO) is scheduled to issue its Q313 quarterly earnings data on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.32 per share and revenue of $55.95 million for the quarter.
Capstead Mortgage Corp. (NYSE:CMO) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.05. The company had revenue of $51.70 million for the quarter, compared to the consensus estimate of $55.90 million. During the same quarter last year, the company posted $0.40 earnings per share. Capstead Mortgage Corp.’s revenue was down 21.7% compared to the same quarter last year. On average, analysts expect Capstead Mortgage Corp. to post $1.03 EPS for the current fiscal year and $1.33 EPS for the next fiscal year.
Capstead Mortgage Corp. (NYSE:CMO) traded up 0.50% on Tuesday, hitting $12.15. 733,821 shares of the company’s stock traded hands. Capstead Mortgage Corp. has a 52-week low of $10.81 and a 52-week high of $13.28. The stock’s 50-day moving average is $11.88 and its 200-day moving average is $12.18. The company has a market cap of $1.163 billion and a P/E ratio of 11.89.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, December 18th. Shareholders of record on Monday, September 30th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend is Thursday, September 26th.
A number of research firms have recently commented on CMO. Analysts at Zacks upgraded shares of Capstead Mortgage Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 2nd. They now have a $12.00 price target on the stock. Finally, analysts at Compass Point cut their price target on shares of Capstead Mortgage Corp. from $14.00 to $13.50 in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.88.
Capstead Mortgage Corporation (NYSE:CMO) operates as a self-managed real estate investment trust (REIT).
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