Zacks: Analysts Anticipate ANNALY CAP MGMT/SH (NYSE:NLY) Will Post Earnings of $0.24 Per Share

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Wall Street brokerages expect ANNALY CAP MGMT/SH (NYSE:NLY) to post $0.24 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have issued estimates for ANNALY CAP MGMT/SH’s earnings, with estimates ranging from $0.24 to $0.25. ANNALY CAP MGMT/SH reported earnings per share of $0.29 in the same quarter last year, which suggests a negative year-over-year growth rate of 17.2%. The company is scheduled to issue its next earnings report on Wednesday, February 12th.

According to Zacks, analysts expect that ANNALY CAP MGMT/SH will report full year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.00. For the next year, analysts anticipate that the firm will post earnings of $1.03 per share, with EPS estimates ranging from $0.96 to $1.08. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for ANNALY CAP MGMT/SH.

ANNALY CAP MGMT/SH (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.04). The company had revenue of $152.39 million for the quarter, compared to analysts’ expectations of $449.05 million. ANNALY CAP MGMT/SH had a negative net margin of 188.46% and a positive return on equity of 11.66%. During the same quarter in the previous year, the business posted $0.30 EPS.

NLY has been the subject of a number of analyst reports. UBS Group downgraded ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and decreased their price target for the company from $9.50 to $8.00 in a report on Tuesday, September 3rd. Zacks Investment Research upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a research report on Monday, August 5th. ValuEngine raised shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada began coverage on shares of ANNALY CAP MGMT/SH in a report on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 target price for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. ANNALY CAP MGMT/SH presently has a consensus rating of “Buy” and a consensus target price of $10.07.

In other ANNALY CAP MGMT/SH news, Director John H. Schaefer purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of $9.21 per share, for a total transaction of $92,100.00. Following the purchase, the director now directly owns 87,494 shares in the company, valued at $805,819.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new stake in shares of ANNALY CAP MGMT/SH in the first quarter valued at about $30,000. Marshall Wace North America L.P. purchased a new position in ANNALY CAP MGMT/SH in the 1st quarter valued at about $40,000. Amundi Pioneer Asset Management Inc. lifted its stake in ANNALY CAP MGMT/SH by 51.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,932,317 shares of the real estate investment trust’s stock valued at $19,304,000 after buying an additional 653,996 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its stake in ANNALY CAP MGMT/SH by 37.9% in the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 18,200 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 5,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in ANNALY CAP MGMT/SH by 0.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 633,234 shares of the real estate investment trust’s stock worth $5,781,000 after buying an additional 3,894 shares during the last quarter. 53.74% of the stock is owned by institutional investors.

Shares of NLY opened at $9.33 on Friday. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 7.78 and a beta of 0.40. ANNALY CAP MGMT/SH has a 52 week low of $8.07 and a 52 week high of $10.51. The stock’s 50-day moving average price is $9.03 and its 200-day moving average price is $9.02. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.29.

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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