Two Harbors Investment (TWO) Expected to Announce Earnings on Wednesday

Two Harbors Investment (NYSE:TWO) is projected to issue its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.27 per share and revenue of ($21,936,330.00) million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Two Harbors Investment (NYSE:TWO) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The firm had revenue of $112.64 million for the quarter. During the same period in the previous year, the business posted ($0.01) earnings per share. On average, analysts expect Two Harbors Investment to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Two Harbors Investment Price Performance

TWO opened at $11.99 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The business’s fifty day simple moving average is $11.71 and its 200-day simple moving average is $12.70. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -2.49 and a beta of 1.83. Two Harbors Investment has a 12-month low of $10.84 and a 12-month high of $14.27.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 15.02%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s payout ratio is -37.34%.

Insider Buying and Selling

In related news, CIO Nicholas Letica sold 5,737 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total transaction of $64,713.36. Following the completion of the transaction, the executive now owns 168,935 shares of the company’s stock, valued at $1,905,586.80. This trade represents a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rebecca B. Sandberg sold 3,014 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.24, for a total transaction of $33,877.36. Following the completion of the sale, the insider now directly owns 149,364 shares in the company, valued at approximately $1,678,851.36. The trade was a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,754 shares of company stock worth $333,307 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TWO shares. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Compass Point reduced their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research report on Monday, November 25th. Royal Bank of Canada decreased their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. reduced their price objective on shares of Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Two Harbors Investment currently has an average rating of “Hold” and an average target price of $13.54.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.