Dynex Capital, Inc. (DX) Scheduled to Post Earnings on Monday
Dynex Capital, Inc. (NYSE:DX) will be posting its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect Dynex Capital to post earnings of $0.18 per share for the quarter.
Dynex Capital (NYSE:DX) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $16.10 million for the quarter, compared to analyst estimates of $14.26 million. Dynex Capital had a net margin of 93.54% and a return on equity of 11.04%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. On average, analysts expect Dynex Capital to post $0.71 EPS for the current fiscal year and $0.69 EPS for the next fiscal year.
Dynex Capital, Inc. (NYSE DX) opened at 7.36 on Monday. The stock’s 50 day moving average is $7.20 and its 200-day moving average is $7.04. The stock has a market capitalization of $362.36 million, a price-to-earnings ratio of 4.78 and a beta of 0.84. Dynex Capital, Inc. has a 12 month low of $6.49 and a 12 month high of $7.41.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 3rd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.78%. Dynex Capital’s dividend payout ratio (DPR) is 46.75%.
A number of brokerages have recently weighed in on DX. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $7.25 price target on shares of Dynex Capital in a report on Friday, October 6th. BidaskClub upgraded Dynex Capital from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $7.50 price target on shares of Dynex Capital in a report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $7.38.
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Dynex Capital Company Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
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