Zacks: Brokerages Expect Two Harbors Investment Corp (TWO) to Announce $0.48 EPS

Equities research analysts predict that Two Harbors Investment Corp (NYSE:TWO) will post earnings of $0.48 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Two Harbors Investment’s earnings. Two Harbors Investment posted earnings of $0.56 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 14.3%. The firm is scheduled to announce its next earnings report on Monday, August 6th.

According to Zacks, analysts expect that Two Harbors Investment will report full year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.89 to $1.91. For the next financial year, analysts forecast that the company will report earnings of $1.93 per share, with EPS estimates ranging from $1.90 to $1.96. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Two Harbors Investment.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $97.46 million for the quarter, compared to analysts’ expectations of $92.64 million. Two Harbors Investment had a net margin of 72.16% and a return on equity of 10.83%. During the same period in the prior year, the company posted $0.27 earnings per share.

Several analysts recently issued reports on the stock. Maxim Group cut their price target on shares of Two Harbors Investment from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, April 27th. ValuEngine cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Saturday, May 12th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.40.

TWO traded up $0.11 during trading on Monday, hitting $15.87. The company had a trading volume of 16,224 shares, compared to its average volume of 1,928,150. The stock has a market capitalization of $2.78 billion, a PE ratio of 7.63 and a beta of 0.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16. Two Harbors Investment has a 1-year low of $13.85 and a 1-year high of $17.29.

In other Two Harbors Investment news, General Counsel Rebecca B. Sandberg sold 2,818 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $15.55, for a total transaction of $43,819.90. Following the completion of the sale, the general counsel now owns 125,490 shares in the company, valued at $1,951,369.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Brad Farrell sold 9,966 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $15.55, for a total transaction of $154,971.30. Following the sale, the chief financial officer now owns 275,012 shares of the company’s stock, valued at approximately $4,276,436.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,925 shares of company stock valued at $449,784. 1.41% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. State Treasurer State of Michigan increased its stake in Two Harbors Investment by 7.4% during the first quarter. State Treasurer State of Michigan now owns 8,382,142 shares of the real estate investment trust’s stock valued at $128,834,000 after purchasing an additional 580,000 shares during the last quarter. Delphi Financial Group Inc. increased its stake in Two Harbors Investment by 4.3% during the first quarter. Delphi Financial Group Inc. now owns 3,751,793 shares of the real estate investment trust’s stock valued at $57,628,000 after purchasing an additional 154,900 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Two Harbors Investment during the first quarter worth about $50,485,000. American Century Companies Inc. grew its position in shares of Two Harbors Investment by 1.9% during the first quarter. American Century Companies Inc. now owns 1,865,769 shares of the real estate investment trust’s stock worth $28,677,000 after acquiring an additional 35,075 shares during the last quarter. Finally, Global X Management Co. LLC bought a new position in shares of Two Harbors Investment during the first quarter worth about $19,815,000. Hedge funds and other institutional investors own 65.75% of the company’s stock.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.

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Earnings History and Estimates for Two Harbors Investment (NYSE:TWO)

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