Annaly Capital Management Inc (NYSE:NLY) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.29 per share for the quarter.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm had revenue of $315.15 million during the quarter, compared to analyst estimates of $424.18 million. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. During the same period last year, the company earned $0.29 earnings per share. On average, analysts expect Annaly Capital Management to post $1.20 EPS for the current fiscal year and $1.19 EPS for the next fiscal year.

Shares of Annaly Capital Management Inc (NLY) opened at 12.04 on Wednesday. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 4.16 and a beta of 0.28. The company has a 50-day moving average price of $12.30 and a 200-day moving average price of $12.07. Annaly Capital Management Inc has a 12 month low of $9.83 and a 12 month high of $12.73.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a $0.30 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 9.97%. Annaly Capital Management’s payout ratio is 41.52%.

Several equities research analysts have recently weighed in on NLY shares. ValuEngine raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.69.

COPYRIGHT VIOLATION WARNING: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/25/annaly-capital-management-inc-nly-to-release-quarterly-earnings-on-wednesday.html.

In other Annaly Capital Management news, insider David L. Finkelstein bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was acquired at an average price of $12.49 per share, with a total value of $1,249,000.00. Following the completion of the purchase, the insider now directly owns 300,000 shares of the company’s stock, valued at approximately $3,747,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donnell Segalas bought 8,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $12.09 per share, with a total value of $96,720.00. Following the purchase, the director now directly owns 84,150 shares of the company’s stock, valued at $1,017,373.50. The disclosure for this purchase can be found here. Insiders have purchased 139,200 shares of company stock valued at $1,726,513 in the last ninety days. 0.43% of the stock is currently owned by insiders.

About Annaly Capital Management

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

Earnings History for Annaly Capital Management (NYSE:NLY)

Receive News & Ratings for Annaly Capital Management Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management Inc and related companies with MarketBeat.com's FREE daily email newsletter.