Brokerages Expect Two Harbors Investment Corp (TWO) Will Post Earnings of $0.48 Per Share

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Wall Street analysts expect that Two Harbors Investment Corp (NYSE:TWO) will report $0.48 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Two Harbors Investment’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.48. Two Harbors Investment also reported earnings of $0.48 per share in the same quarter last year. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, May 7th.

On average, analysts expect that Two Harbors Investment will report full-year earnings of $1.93 per share for the current fiscal year, with EPS estimates ranging from $1.93 to $1.94. For the next fiscal year, analysts expect that the business will report earnings of $1.99 per share. Zacks’ EPS averages are an average based on a survey of analysts that follow Two Harbors Investment.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Wednesday, February 6th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Two Harbors Investment had a negative net margin of 4.12% and a positive return on equity of 13.56%. The business had revenue of $89.65 million during the quarter, compared to analysts’ expectations of $106.46 million. During the same period last year, the business earned $0.47 earnings per share. The firm’s revenue was down 10.6% on a year-over-year basis.

TWO has been the subject of several analyst reports. Maxim Group reissued a “buy” rating and issued a $15.00 target price on shares of Two Harbors Investment in a research note on Thursday, February 7th. Barclays set a $15.00 target price on shares of Two Harbors Investment and gave the company a “buy” rating in a research note on Saturday, February 9th. TheStreet cut shares of Two Harbors Investment from a “c” rating to a “d+” rating in a research note on Thursday, February 7th. Credit Suisse Group reissued a “hold” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, February 7th. Finally, ValuEngine raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.89.

In other Two Harbors Investment news, CFO Brad Farrell sold 29,095 shares of Two Harbors Investment stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $14.48, for a total transaction of $421,295.60. Following the completion of the transaction, the chief financial officer now directly owns 265,087 shares of the company’s stock, valued at $3,838,459.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William Roth sold 58,040 shares of Two Harbors Investment stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $14.46, for a total transaction of $839,258.40. Following the transaction, the insider now directly owns 730,122 shares of the company’s stock, valued at $10,557,564.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,572 shares of company stock valued at $1,859,327. Company insiders own 0.86% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Two Harbors Investment by 44.9% during the third quarter. Vanguard Group Inc. now owns 21,929,421 shares of the real estate investment trust’s stock worth $327,406,000 after buying an additional 6,798,312 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Two Harbors Investment by 44.9% during the third quarter. Vanguard Group Inc now owns 21,929,421 shares of the real estate investment trust’s stock worth $327,406,000 after buying an additional 6,798,312 shares in the last quarter. Norges Bank acquired a new stake in shares of Two Harbors Investment during the fourth quarter worth $37,166,000. APG Asset Management N.V. lifted its holdings in shares of Two Harbors Investment by 1,042.7% during the fourth quarter. APG Asset Management N.V. now owns 1,113,553 shares of the real estate investment trust’s stock worth $12,508,000 after buying an additional 1,016,100 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Two Harbors Investment by 31.5% during the fourth quarter. LSV Asset Management now owns 3,496,728 shares of the real estate investment trust’s stock worth $44,897,000 after buying an additional 837,952 shares in the last quarter. 56.85% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:TWO remained flat at $$13.70 during midday trading on Friday. 1,896,957 shares of the company traded hands, compared to its average volume of 2,548,877. Two Harbors Investment has a twelve month low of $12.63 and a twelve month high of $16.27. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.74 billion, a PE ratio of 6.95 and a beta of 0.52.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 29th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.88 dividend on an annualized basis and a yield of 13.72%. Two Harbors Investment’s dividend payout ratio (DPR) is 95.43%.

About Two Harbors Investment

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.

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