Zacks: Analysts Expect ANNALY CAP MGMT/SH (NLY) to Post $0.29 EPS

Equities research analysts expect ANNALY CAP MGMT/SH (NYSE:NLY) to announce earnings of $0.29 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for ANNALY CAP MGMT/SH’s earnings. ANNALY CAP MGMT/SH posted earnings per share of $0.30 in the same quarter last year, which indicates a negative year-over-year growth rate of 3.3%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, May 1st.

On average, analysts expect that ANNALY CAP MGMT/SH will report full-year earnings of $1.17 per share for the current year, with EPS estimates ranging from $1.16 to $1.18. For the next financial year, analysts forecast that the business will report earnings of $1.18 per share, with EPS estimates ranging from $1.15 to $1.20. Zacks’ earnings per share averages are an average based on a survey of research firms that follow ANNALY CAP MGMT/SH.

ANNALY CAP MGMT/SH (NYSE:NLY) last issued its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. ANNALY CAP MGMT/SH had a return on equity of 12.39% and a net margin of 1.98%. The firm had revenue of $272.90 million for the quarter, compared to analyst estimates of $383.65 million. During the same period last year, the company earned $0.31 earnings per share.

Several equities research analysts have weighed in on the company. Nomura assumed coverage on ANNALY CAP MGMT/SH in a research report on Wednesday, March 27th. They issued a “buy” rating and a $11.00 target price on the stock. Keefe, Bruyette & Woods raised ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $10.00 to $10.50 in a research report on Sunday, January 13th. Zacks Investment Research lowered ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. ValuEngine lowered ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Finally, Barclays set a $11.00 target price on ANNALY CAP MGMT/SH and gave the stock a “buy” rating in a research report on Friday, February 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.83.

Several large investors have recently added to or reduced their stakes in NLY. Bank of New York Mellon Corp grew its stake in shares of ANNALY CAP MGMT/SH by 5.1% in the third quarter. Bank of New York Mellon Corp now owns 5,012,310 shares of the real estate investment trust’s stock worth $51,276,000 after purchasing an additional 242,208 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of ANNALY CAP MGMT/SH by 20.8% in the third quarter. Franklin Resources Inc. now owns 315,206 shares of the real estate investment trust’s stock worth $3,225,000 after purchasing an additional 54,204 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of ANNALY CAP MGMT/SH in the third quarter worth $497,000. LPL Financial LLC grew its stake in shares of ANNALY CAP MGMT/SH by 26.2% in the third quarter. LPL Financial LLC now owns 871,991 shares of the real estate investment trust’s stock worth $8,920,000 after purchasing an additional 180,820 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in shares of ANNALY CAP MGMT/SH by 149.3% in the third quarter. Verition Fund Management LLC now owns 111,599 shares of the real estate investment trust’s stock worth $1,142,000 after purchasing an additional 66,843 shares in the last quarter. 53.80% of the stock is owned by institutional investors.

NYSE NLY traded up $0.01 during trading hours on Tuesday, hitting $9.99. The company had a trading volume of 13,083,679 shares, compared to its average volume of 13,840,712. ANNALY CAP MGMT/SH has a fifty-two week low of $9.57 and a fifty-two week high of $10.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $13.99 billion, a PE ratio of 8.33 and a beta of 0.24.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be paid a $0.30 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 12.01%. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.

About ANNALY CAP MGMT/SH

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.

Further Reading: Why investors pay attention to retained earnings

Get a free copy of the Zacks research report on ANNALY CAP MGMT/SH (NLY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ANNALY CAP MGMT/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANNALY CAP MGMT/SH and related companies with MarketBeat.com's FREE daily email newsletter.