Lument Finance Trust (NYSE:LFT – Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Lument Finance Trust (NYSE:LFT – Get Free Report) last issued its earnings results on Monday, August 12th. The technology company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Lument Finance Trust had a return on equity of 14.10% and a net margin of 16.91%. The company had revenue of $30.64 million for the quarter, compared to analysts’ expectations of $9.82 million. During the same period last year, the business posted $0.04 earnings per share. On average, analysts expect Lument Finance Trust to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Lument Finance Trust Stock Up 7.0 %
Shares of NYSE:LFT opened at $2.59 on Friday. The company has a quick ratio of 5.78, a current ratio of 5.78 and a debt-to-equity ratio of 5.64. The business’s 50 day moving average is $2.51 and its 200 day moving average is $2.49. The stock has a market cap of $135.41 million, a P/E ratio of 7.19 and a beta of 1.07. Lument Finance Trust has a 52-week low of $1.96 and a 52-week high of $2.75.
Lument Finance Trust Dividend Announcement
Wall Street Analysts Forecast Growth
Separately, Raymond James downgraded shares of Lument Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 19th.
Read Our Latest Research Report on Lument Finance Trust
Lument Finance Trust Company Profile
Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.
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