Chimera Investment (CIM) Projected to Post Quarterly Earnings on Wednesday

Chimera Investment (NYSE:CIM - Get Free Report) is expected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $73.48 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Chimera Investment (NYSE:CIM - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. The company had revenue of $195.30 million for the quarter, compared to the consensus estimate of $69.90 million. During the same quarter last year, the company posted $0.39 EPS. On average, analysts expect Chimera Investment to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Chimera Investment Stock Performance

Shares of CIM stock traded down $0.15 during trading on Friday, reaching $15.18. The company had a trading volume of 375,095 shares, compared to its average volume of 497,407. The firm's 50 day simple moving average is $14.48 and its two-hundred day simple moving average is $14.96. Chimera Investment has a one year low of $11.28 and a one year high of $16.89. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. The company has a market capitalization of $1.23 billion, a PE ratio of 4.60 and a beta of 1.71.

Chimera Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.75%. The ex-dividend date was Tuesday, December 31st. Chimera Investment's dividend payout ratio is 44.85%.

Insider Transactions at Chimera Investment

In related news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of $14.91 per share, with a total value of $745,500.00. Following the completion of the transaction, the executive now owns 100,000 shares of the company's stock, valued at $1,491,000. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd.

Chimera Investment Company Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.