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

Two Harbors Investment (NYSE:TWO) will issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. The company 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 last year, the business 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

TWO stock opened at $12.88 on Friday. 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 moving average of $13.53 and a two-hundred day moving average of $13.17. The stock has a market cap of $1.33 billion, a price-to-earnings 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 Dividend Announcement

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

Analysts Set New Price Targets

TWO has been the subject of several research analyst reports. JMP Securities lowered their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Janney Montgomery Scott initiated coverage on Two Harbors Investment in a research report on Friday, August 16th. They set a “buy” rating and a $15.00 target price on the stock. Compass Point began coverage on Two Harbors Investment in a research report on Thursday, October 3rd. They set a “buy” rating and a $15.75 target price on the stock. Finally, StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Sunday, October 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.