Zacks: Analysts expect Western Asset Mortgage Capital Co. (NYSE:WMC) to report earnings of $0.06 per share

Brokers expect Western Asset Mortgage Capital Co. (NYSE:WMC) to post earnings per share (EPS) of $0.06 for the current quarter, according to Zacks. No analyst has made earnings estimates for Western Asset Mortgage Capital. Western Asset Mortgage Capital reported earnings of $0.12 per share in the same quarter last year, indicating a negative 50% year-over-year growth rate. The company is expected to release its next results after the market closes on Wednesday, March 2.

On average, analysts expect Western Asset Mortgage Capital to report annual earnings of $0.27 per share for the current year. For next year, analysts expect the company to post earnings of $0.31 per share. Zacks Investment Research EPS averages are an average average based on a survey of research firms that cover Western Asset Mortgage Capital.

Separately, Zacks Investment Research upgraded shares of Western Asset Mortgage Capital from a “sell” rating to a “hold” rating in a Tuesday, January 18 report.

Separately, CIO Greg E. Handler purchased 25,000 shares of the company in a trade dated Wednesday, November 24. The shares were acquired at an average cost of $2.17 per share, for a total transaction of $54,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, CIO Greg E. Handler purchased 50,000 shares of the company in a transaction dated Friday, November 26. The shares were purchased at an average price of $2.17 per share, for a total transaction of $108,500.00. Disclosure of this purchase can be found here. During the last quarter, insiders purchased 85,741 shares of the company worth $186,560. Insiders of the company hold 0.80% of the shares of the company.

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Institutional investors and hedge funds have recently changed their stakes in the company. Renaissance Technologies LLC acquired a new position in Western Asset Mortgage Capital during the fourth quarter worth approximately $32,000. Squarepoint Ops LLC acquired a new position in Western Asset Mortgage Capital during the third quarter worth approximately $33,000. Boothbay Fund Management LLC acquired a new position in Western Asset Mortgage Capital during the second quarter worth approximately $35,000. Fortress Wealth Management Inc. acquired a new position in Western Asset Mortgage Capital during the fourth quarter worth approximately $39,000. Finally, O Shaughnessy Asset Management LLC increased its position in Western Asset Mortgage Capital by 820.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,928 shares of the financial services provider worth $42,000 after purchasing an additional 17,763 shares during the period. Institutional investors hold 41.70% of the company’s shares.

NYSE:WMC shares opened at $1.95 on Friday. The company has a 50-day simple moving average of $2.16 and a 200-day simple moving average of $2.44. Western Asset Mortgage Capital has a one-year low of $1.94 and a one-year high of $4.19. The company has a debt ratio of 11.62, a quick ratio of 864.63 and a current ratio of 864.63. The stock has a market capitalization of $118.68 million, a price-earnings ratio of -4.64 and a beta of 2.08.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 26. Shareholders of record on Friday, December 31 received a dividend of $0.06. The ex-dividend date was Thursday, December 30. This represents a dividend of $0.24 on an annualized basis and a dividend yield of 12.31%. Western Asset Mortgage Capital’s payout ratio is -57.14%.

Western Asset Mortgage Capital Company Profile

Western Asset Mortgage Capital Corp. operates as a real estate investment trust. The company is committed to managing a diversified portfolio of assets. It focuses on investing, financing and managing real estate-related securities, whole loans and other financial assets. The company was founded on June 3, 2009 and is based in Pasadena, California.

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