Share on StockTwits

Western Asset Mortgage Capital Corp (NYSE:WMC) is scheduled to release its Q114 earnings data on Thursday, May 8th. Analysts expect Western Asset Mortgage Capital Corp to post earnings of $0.20 per share and revenue of $789.30 million for the quarter.

Western Asset Mortgage Capital Corp (NYSE:WMC) last released its earnings data on Wednesday, March 26th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.06. On average, analysts expect Western Asset Mortgage Capital Corp to post $2.67 EPS for the current fiscal year and $2.89 EPS for the next fiscal year.

Western Asset Mortgage Capital Corp (NYSE:WMC) traded down 0.36% on Wednesday, hitting $14.547. 544,679 shares of the company’s stock traded hands. Western Asset Mortgage Capital Corp has a one year low of $14.18 and a one year high of $22.04. The stock has a 50-day moving average of $15.15 and a 200-day moving average of $15.6. The company’s market cap is $390.6 million. Western Asset Mortgage Capital Corp also saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 2,239,173 shares, a decrease of 55.0% from the March 31st total of 4,975,517 shares. Based on an average trading volume of 2,039,201 shares, the short-interest ratio is currently 1.1 days. Currently, 8.4% of the company’s stock are sold short.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Western Asset Mortgage Capital Corp in a research note on Wednesday, April 16th. They now have a $13.50 price target on the stock. Analysts at Compass Point downgraded shares of Western Asset Mortgage Capital Corp from a “buy” rating to a “neutral” rating in a research note on Monday, March 24th. They now have a $16.00 price target on the stock, down previously from $16.50. Eight equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $16.30.

Western Asset Mortgage Capital Corporation is focused on investing in, financing and managing primarily residential mortgage-backed securities (NYSE:WMC), which are not issued or guaranteed by a United States Government agency or federally chartered corporation, or non-Agency RMBS.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.