Two Harbors Investment (TWO) Scheduled to Post Quarterly Earnings on Monday

Two Harbors Investment (NYSE:TWO) will announce its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $115.95 million during the quarter. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. During the same period in the prior year, the firm earned ($0.04) EPS. On average, analysts expect Two Harbors Investment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Two Harbors Investment Price Performance

Shares of NYSE:TWO opened at $12.88 on Friday. The company has a market cap of $1.33 billion, a P/E ratio of 31.41 and a beta of 1.85. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. Two Harbors Investment has a 52 week low of $9.88 and a 52 week high of $14.59. The business has a fifty day simple moving average of $13.53 and a 200-day simple moving average of $13.17.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 13.98%. The ex-dividend date of this dividend is Tuesday, October 1st. Two Harbors Investment’s payout ratio is currently 439.02%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TWO. Compass Point started coverage on Two Harbors Investment in a report on Thursday, October 3rd. They issued a “buy” rating and a $15.75 target price on the stock. JMP Securities cut their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. Janney Montgomery Scott started coverage on Two Harbors Investment in a research note on Friday, August 16th. They issued a “buy” rating and a $15.00 price target on the stock. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Sunday, October 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Two Harbors Investment has an average rating of “Moderate Buy” and an average target price of $14.96.

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.