Western Asset Mortgage Capital Corporation (NYSE:WMC) posted its earnings results on Tuesday. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02), Bloomberg Earnings reports. Western Asset Mortgage Capital Corporation had a return on equity of 5.97% and a net margin of 27.34%. The business had revenue of $18.57 million for the quarter, compared to the consensus estimate of $17.10 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis.

Western Asset Mortgage Capital Corporation (NYSE WMC) opened at $9.76 on Wednesday. The company has a debt-to-equity ratio of 6.31, a current ratio of 199.29 and a quick ratio of 199.29. The firm has a market cap of $412.07, a PE ratio of 15.46 and a beta of 0.73. Western Asset Mortgage Capital Corporation has a 52 week low of $9.43 and a 52 week high of $11.18.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Monday, October 2nd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 12.70%. The ex-dividend date of this dividend was Friday, September 29th. Western Asset Mortgage Capital Corporation’s payout ratio is 151.22%.

A number of equities research analysts have issued reports on WMC shares. Zacks Investment Research downgraded shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 17th. JMP Securities started coverage on shares of Western Asset Mortgage Capital Corporation in a research report on Tuesday, July 25th. They issued a “market perform” rating for the company. Finally, BidaskClub downgraded shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.00.

COPYRIGHT VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/11/07/western-asset-mortgage-capital-corporation-wmc-issues-earnings-results.html.

Western Asset Mortgage Capital Corporation Company Profile

Western Asset Mortgage Capital Corporation is a real estate investment trust. The Company is focused on investing in, financing and managing a diversified portfolio of real estate-related securities, whole-loans and other financial assets. The Company’s portfolio includes Agency residential mortgage-backed securities (RMBS), including Mortgage pass-through certificates, Agency derivatives, Agency Interest-Only Strips and Agency collateralized mortgage obligations (CMOs); Non-Agency RMBS, and Agency commercial mortgage-backed securities (CMBS), Non-Agency CMBS, Non United States CMBS and asset-backed securities (ABS), as well as Residential and Commercial Whole-Loans.

Earnings History for Western Asset Mortgage Capital Corporation (NYSE:WMC)

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