Zacks: Analysts Expect ANNALY Cap Mgmt/SH (NLY) to Post $0.29 EPS

Wall Street brokerages expect ANNALY Cap Mgmt/SH (NYSE:NLY) to post earnings per share (EPS) of $0.29 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for ANNALY Cap Mgmt/SH’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.29. ANNALY Cap Mgmt/SH posted earnings per share of $0.30 during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that ANNALY Cap Mgmt/SH will report full-year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.20. For the next financial year, analysts expect that the company will post earnings of $1.17 per share, with EPS estimates ranging from $1.12 to $1.20. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow ANNALY Cap Mgmt/SH.

ANNALY Cap Mgmt/SH (NYSE:NLY) last announced its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. ANNALY Cap Mgmt/SH had a return on equity of 12.10% and a net margin of 112.29%. The firm had revenue of $334.11 million for the quarter, compared to analyst estimates of $330.95 million. During the same quarter in the prior year, the company posted $0.30 earnings per share.

NLY has been the topic of a number of research analyst reports. Zacks Investment Research downgraded ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. JPMorgan Chase & Co. boosted their target price on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the stock a “$10.45” rating in a research report on Monday, July 23rd. Finally, Barclays set a $11.00 target price on ANNALY Cap Mgmt/SH and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.88.

NLY stock traded down $0.04 on Friday, reaching $9.85. 701,931 shares of the company’s stock were exchanged, compared to its average volume of 9,680,391. ANNALY Cap Mgmt/SH has a twelve month low of $9.88 and a twelve month high of $12.40. The firm has a market capitalization of $12.45 billion, a PE ratio of 8.05 and a beta of 0.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.02 and a quick ratio of 0.02.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be paid a $0.078 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.31 annualized dividend and a yield of 3.17%. ANNALY Cap Mgmt/SH’s payout ratio is currently 98.36%.

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in ANNALY Cap Mgmt/SH by 12.6% during the third quarter. Bank of Montreal Can now owns 3,577,375 shares of the real estate investment trust’s stock worth $36,596,000 after acquiring an additional 400,675 shares during the last quarter. Clinton Group Inc. acquired a new stake in ANNALY Cap Mgmt/SH during the third quarter worth about $372,000. DNB Asset Management AS increased its stake in ANNALY Cap Mgmt/SH by 7.6% during the third quarter. DNB Asset Management AS now owns 709,080 shares of the real estate investment trust’s stock worth $7,254,000 after acquiring an additional 50,031 shares during the last quarter. Fiduciary Financial Services of The Southwest Inc. TX increased its stake in ANNALY Cap Mgmt/SH by 99.1% during the third quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 67,788 shares of the real estate investment trust’s stock worth $693,000 after acquiring an additional 33,742 shares during the last quarter. Finally, Kovack Advisors Inc. acquired a new stake in ANNALY Cap Mgmt/SH during the third quarter worth about $242,000. Hedge funds and other institutional investors own 51.31% of the company’s stock.

About ANNALY Cap Mgmt/SH

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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