Chimera Investment Corporation (NYSE:CIM) is set to issue its quarterly earnings data after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.63 per share for the quarter.
Chimera Investment Corporation (NYSE:CIM) last announced its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.07. The firm had revenue of $141.11 million during the quarter, compared to analyst estimates of $140.90 million. Chimera Investment Corporation had a return on equity of 14.14% and a net margin of 64.18%. Chimera Investment Corporation’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, analysts expect Chimera Investment Corporation to post $2.34 EPS for the current fiscal year and $2.38 EPS for the next fiscal year.
Shares of Chimera Investment Corporation (NYSE CIM) opened at 18.62 on Tuesday. The company has a 50-day moving average price of $18.93 and a 200-day moving average price of $18.90. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 5.61 and a beta of 0.93. Chimera Investment Corporation has a 12 month low of $14.70 and a 12 month high of $20.90.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.00 dividend on an annualized basis and a yield of 10.74%. Chimera Investment Corporation’s payout ratio is presently 60.24%.
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A number of brokerages have issued reports on CIM. Zacks Investment Research raised Chimera Investment Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub cut Chimera Investment Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Barclays PLC set a $17.00 target price on Chimera Investment Corporation and gave the stock a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine raised Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Seven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.75.
About Chimera Investment Corporation
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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