Western Asset Mortgage Capital Corp (WMC) to Release Quarterly Earnings on Thursday
Western Asset Mortgage Capital Corp (NYSE:WMC) is set to issue its Q214 quarterly earnings data on Thursday, August 7th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $34.00 million for the quarter.
Shares of Western Asset Mortgage Capital Corp (NYSE:WMC) traded up 0.87% on Wednesday, hitting $13.85. The stock had a trading volume of 152,550 shares. Western Asset Mortgage Capital Corp has a 52 week low of $13.50 and a 52 week high of $17.77. The stock has a 50-day moving average of $14.01 and a 200-day moving average of $14.82. The company’s market cap is $577.8 million.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Western Asset Mortgage Capital Corp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $14.10 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Western Asset Mortgage Capital Corp from $16.00 to $14.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $14.60.
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.
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