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

Two Harbors Investment (NYSE:TWO) is scheduled to be issuing 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 that wish to register for the company’s conference call can do so using this link.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company earned ($0.04) EPS. On average, analysts expect Two Harbors Investment to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Two Harbors Investment Price Performance

Shares of Two Harbors Investment stock opened at $13.15 on Monday. The business has a 50 day moving average of $13.58 and a 200 day moving average of $13.17. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. The company has a market cap of $1.36 billion, a PE ratio of 32.07 and a beta of 1.85. Two Harbors Investment has a 52 week low of $9.83 and a 52 week high of $14.59.

Two Harbors Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 13.69%. Two Harbors Investment’s dividend payout ratio (DPR) is 439.02%.

Analyst Ratings Changes

A number of research firms have issued reports on TWO. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Sunday, October 6th. JMP Securities decreased their price objective on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday. Compass Point began coverage on Two Harbors Investment in a report on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price objective for the company. JPMorgan Chase & Co. increased their price objective on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Finally, Janney Montgomery Scott started coverage on Two Harbors Investment in a research note on Friday, August 16th. They issued a “buy” rating and a $15.00 target price on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.96.

About Two Harbors Investment

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.