Annaly Capital Management (NLY) to Release Earnings on Wednesday

Annaly Capital Management (NYSE:NLY) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.64. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $320.00 million. During the same period last year, the firm posted $0.81 earnings per share. On average, analysts expect Annaly Capital Management to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $20.22 on Tuesday. The stock has a fifty day moving average price of $19.78 and a 200 day moving average price of $19.39. Annaly Capital Management has a 1-year low of $14.52 and a 1-year high of $21.07. The company has a market cap of $10.12 billion, a PE ratio of -20.84 and a beta of 1.54.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 12.86%. The ex-dividend date is Friday, June 28th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NLY shares. JPMorgan Chase & Co. increased their price target on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Janney Montgomery Scott started coverage on Annaly Capital Management in a report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target for the company. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Compass Point assumed coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price target for the company. Finally, Jonestrading reissued a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.06.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.