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

Two Harbors Investment (NYSE:TWO) is scheduled to announce its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors interested in listening to 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, topping analysts’ consensus estimates of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The firm had revenue of $115.95 million during the quarter. During the same quarter last year, the firm posted ($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 Stock Performance

NYSE:TWO opened at $12.88 on Friday. The firm has a market capitalization of $1.33 billion, a PE ratio of 31.41 and a beta of 1.85. The stock’s fifty day moving average is $13.53 and its 200 day moving average is $13.17. Two Harbors Investment has a fifty-two week low of $9.88 and a fifty-two week high of $14.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08.

Two Harbors Investment Dividend Announcement

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

Analyst Upgrades and Downgrades

TWO has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Sunday, October 6th. Compass Point began coverage on Two Harbors Investment in a research note on Thursday, October 3rd. They set a “buy” rating and a $15.75 price target for the company. JMP Securities cut their price objective on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research report on Thursday, October 17th. Finally, 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 for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Two Harbors Investment has a consensus rating of “Moderate Buy” and an average price target 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.