Western Asset Mortgage Capital (WMC) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Western Asset Mortgage Capital (NYSE:WMC) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01, Briefing.com reports. Western Asset Mortgage Capital had a net margin of 37.46% and a return on equity of 11.92%. The business had revenue of $15.94 million during the quarter, compared to analysts’ expectations of $19.20 million. During the same quarter in the prior year, the company posted $0.32 EPS. The business’s revenue for the quarter was down 14.1% on a year-over-year basis.
Shares of Western Asset Mortgage Capital stock traded down $0.11 during mid-day trading on Thursday, hitting $10.10. The stock had a trading volume of 435,600 shares, compared to its average volume of 348,380. Western Asset Mortgage Capital has a 12-month low of $8.54 and a 12-month high of $11.38. The company has a debt-to-equity ratio of 9.98, a current ratio of 832.49 and a quick ratio of 832.49. The stock has a market cap of $424.49 million, a price-to-earnings ratio of 8.78 and a beta of 0.43.
The company also recently declared a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Thursday, September 27th were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, September 26th. This represents a $1.24 annualized dividend and a dividend yield of 12.28%. Western Asset Mortgage Capital’s dividend payout ratio (DPR) is 107.83%.
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Western Asset Mortgage Capital Company Profile
Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, and other financial assets.
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