NexPoint Real Estate Finance (NASDAQ:ONEW) Announces Quarterly Earnings Results, Beats Expectations By $1.40 EPS

NexPoint Real Estate Finance (NASDAQ:ONEW) announced its quarterly earnings data on Thursday. The company reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $1.40, Fidelity Earnings reports. The firm had revenue of $408.27 million during the quarter, compared to the consensus estimate of $313.01 million.

Shares of NASDAQ:ONEW traded down $1.63 during trading on Friday, hitting $25.00. 62,573 shares of the company traded hands, compared to its average volume of 45,640. The stock has a fifty day simple moving average of $23.31. NexPoint Real Estate Finance has a one year low of $3.41 and a one year high of $30.00. The company has a current ratio of 1.17, a quick ratio of 0.16 and a debt-to-equity ratio of 0.79.

Several analysts recently weighed in on the company. Robert W. Baird lowered NexPoint Real Estate Finance from an “outperform” rating to a “neutral” rating and set a $8.00 price objective for the company. in a report on Monday, April 6th. Zacks Investment Research raised NexPoint Real Estate Finance from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, June 4th. SunTrust Banks boosted their price objective on NexPoint Real Estate Finance from $7.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 8th. ValuEngine raised NexPoint Real Estate Finance from a “hold” rating to a “buy” rating in a report on Thursday, July 2nd. Finally, Raymond James upped their target price on NexPoint Real Estate Finance from $23.50 to $34.00 and gave the company an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $19.00.

About NexPoint Real Estate Finance

OneWater Marine Inc operates as a recreational boat retailer in the United States. It offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. The company also provides boat repair and maintenance services; arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina, as well as rental of boats and personal watercraft.

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