Analysts Anticipate Western Asset Mortgage Capital Corp (NYSE:WMC) to Post $0.14 Earnings Per Share

Brokerages expect Western Asset Mortgage Capital Corp (NYSE:WMC) to post earnings per share of $0.14 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Western Asset Mortgage Capital’s earnings. Western Asset Mortgage Capital reported earnings of $0.31 per share during the same quarter last year, which indicates a negative year over year growth rate of 54.8%. The company is scheduled to issue its next earnings results on Tuesday, August 4th.

On average, analysts expect that Western Asset Mortgage Capital will report full year earnings of $0.75 per share for the current financial year. For the next year, analysts forecast that the business will post earnings of $0.60 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Western Asset Mortgage Capital.

Western Asset Mortgage Capital (NYSE:WMC) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.12 by $0.17. The business had revenue of $18.74 million for the quarter. Western Asset Mortgage Capital had a negative net margin of 154.05% and a positive return on equity of 13.11%.

A number of brokerages have issued reports on WMC. ValuEngine downgraded Western Asset Mortgage Capital from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 2nd. Zacks Investment Research downgraded shares of Western Asset Mortgage Capital from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Bank of America reduced their price target on shares of Western Asset Mortgage Capital from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Thursday, May 21st.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Western Asset Mortgage Capital by 13.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 14,237 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 1,679 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Western Asset Mortgage Capital by 9.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,173 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 1,702 shares in the last quarter. Rhumbline Advisers grew its holdings in Western Asset Mortgage Capital by 2.3% during the 4th quarter. Rhumbline Advisers now owns 78,778 shares of the financial services provider’s stock worth $814,000 after acquiring an additional 1,745 shares in the last quarter. Bank of Montreal Can increased its holdings in Western Asset Mortgage Capital by 44.3% in the fourth quarter. Bank of Montreal Can now owns 6,573 shares of the financial services provider’s stock valued at $68,000 after buying an additional 2,017 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Western Asset Mortgage Capital by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 220,562 shares of the financial services provider’s stock valued at $2,278,000 after acquiring an additional 2,383 shares during the last quarter. 46.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:WMC traded up $0.01 during trading on Tuesday, hitting $2.82. 1,466,700 shares of the stock traded hands, compared to its average volume of 1,760,979. The company has a fifty day moving average price of $2.52 and a two-hundred day moving average price of $6.44. Western Asset Mortgage Capital has a 52-week low of $1.37 and a 52-week high of $11.33. The company has a market cap of $150.12 million, a price-to-earnings ratio of -0.43 and a beta of 1.66. The company has a quick ratio of 363.39, a current ratio of 363.39 and a debt-to-equity ratio of 15.86.

Western Asset Mortgage Capital Company Profile

Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets.

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