Zacks: Analysts Expect ANNALY CAP MGMT/SH (NYSE:NLY) to Post $0.21 EPS

Wall Street analysts expect ANNALY CAP MGMT/SH (NYSE:NLY) to report earnings per share of $0.21 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for ANNALY CAP MGMT/SH’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.20. ANNALY CAP MGMT/SH reported earnings of $0.25 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 16%. The business is expected to announce its next earnings results on Wednesday, July 29th.

On average, analysts expect that ANNALY CAP MGMT/SH will report full-year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.87 to $0.91. For the next financial year, analysts expect that the business will report earnings of $0.94 per share, with EPS estimates ranging from $0.88 to $1.05. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow ANNALY CAP MGMT/SH.

ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.21. ANNALY CAP MGMT/SH had a positive return on equity of 11.46% and a negative net margin of 142.51%. The company had revenue of $51.55 million during the quarter, compared to analyst estimates of $376.45 million. During the same quarter in the previous year, the firm posted $0.29 EPS.

NLY has been the subject of a number of analyst reports. JMP Securities upgraded ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and set a $7.50 price target for the company in a research report on Thursday, April 30th. UBS Group reduced their price target on ANNALY CAP MGMT/SH from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Barclays reduced their price target on ANNALY CAP MGMT/SH from $10.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. ValuEngine lowered ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on ANNALY CAP MGMT/SH from $10.50 to $8.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. ANNALY CAP MGMT/SH currently has an average rating of “Hold” and an average target price of $7.94.

NLY stock traded up $0.02 during trading on Tuesday, reaching $6.56. 22,633,597 shares of the company’s stock were exchanged, compared to its average volume of 21,310,842. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.59. ANNALY CAP MGMT/SH has a 1-year low of $3.51 and a 1-year high of $10.50. The company’s fifty day moving average price is $6.50 and its 200-day moving average price is $7.74. The firm has a market cap of $9.28 billion, a PE ratio of -1.86 and a beta of 1.07.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 13.41%. The ex-dividend date is Monday, June 29th. ANNALY CAP MGMT/SH’s dividend payout ratio is presently 120.00%.

In related news, CEO David L. Finkelstein bought 100,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were bought at an average cost of $6.12 per share, with a total value of $612,000.00. Following the completion of the transaction, the chief executive officer now directly owns 500,000 shares of the company’s stock, valued at $3,060,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy P. Coffey bought 50,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $6.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the insider now directly owns 88,000 shares of the company’s stock, valued at $528,000. The disclosure for this purchase can be found here. Insiders have bought 370,000 shares of company stock worth $2,226,400 over the last ninety days. 0.36% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Willingdon Wealth Management raised its position in ANNALY CAP MGMT/SH by 4,583.3% during the first quarter. Willingdon Wealth Management now owns 5,620 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 5,500 shares during the period. Trustcore Financial Services LLC raised its position in ANNALY CAP MGMT/SH by 741.2% during the first quarter. Trustcore Financial Services LLC now owns 5,451 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 4,803 shares during the period. Pacitti Group Inc. acquired a new position in ANNALY CAP MGMT/SH during the fourth quarter valued at $29,000. Allred Capital Management LLC raised its position in ANNALY CAP MGMT/SH by 2,280.0% during the first quarter. Allred Capital Management LLC now owns 5,950 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 5,700 shares during the period. Finally, Marshall Wace LLP acquired a new position in ANNALY CAP MGMT/SH during the first quarter valued at $30,000. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

ANNALY CAP MGMT/SH Company Profile

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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