$0.57 Earnings Per Share Expected for Chimera Investment Corporation (CIM) This Quarter
Equities analysts expect Chimera Investment Corporation (NYSE:CIM) to report $0.57 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Chimera Investment Corporation’s earnings. Chimera Investment Corporation reported earnings of $0.68 per share in the same quarter last year, which indicates a negative year over year growth rate of 16.2%. The firm is expected to announce its next earnings report before the market opens on Thursday, November 2nd.
On average, analysts expect that Chimera Investment Corporation will report full year earnings of $2.31 per share for the current financial year. For the next year, analysts expect that the company will report earnings of $2.45 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Chimera Investment Corporation.
Chimera Investment Corporation (NYSE:CIM) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). Chimera Investment Corporation had a net margin of 63.94% and a return on equity of 14.27%. The firm had revenue of $150.70 million during the quarter, compared to the consensus estimate of $149.75 million. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year.
Several equities research analysts have recently commented on the company. BidaskClub raised Chimera Investment Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Deutsche Bank AG increased their price objective on Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Chimera Investment Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. Barclays PLC set a $18.00 price objective on Chimera Investment Corporation and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.50 price objective on shares of Chimera Investment Corporation in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Chimera Investment Corporation currently has an average rating of “Hold” and a consensus target price of $18.83.
Chimera Investment Corporation (NYSE:CIM) opened at 18.50 on Monday. Chimera Investment Corporation has a 52-week low of $15.39 and a 52-week high of $20.90. The stock has a 50 day moving average of $19.06 and a 200-day moving average of $19.03. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 5.32 and a beta of 0.88.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 10.81%. The ex-dividend date was Thursday, September 28th. Chimera Investment Corporation’s dividend payout ratio (DPR) is presently 57.31%.
A number of institutional investors and hedge funds have recently bought and sold shares of CIM. The Manufacturers Life Insurance Company raised its stake in Chimera Investment Corporation by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 341 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Chimera Investment Corporation by 6.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,354 shares of the real estate investment trust’s stock valued at $156,000 after acquiring an additional 485 shares during the period. Ffcm LLC raised its stake in Chimera Investment Corporation by 99.8% in the 2nd quarter. Ffcm LLC now owns 9,691 shares of the real estate investment trust’s stock valued at $183,000 after acquiring an additional 4,840 shares during the period. Winslow Evans & Crocker Inc. bought a new stake in Chimera Investment Corporation in the 2nd quarter valued at $189,000. Finally, Synovus Financial Corp raised its stake in Chimera Investment Corporation by 3.3% in the 2nd quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 326 shares during the period. Institutional investors and hedge funds own 51.18% of the company’s stock.
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About Chimera Investment Corporation
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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