Two Harbors Investment (TWO) to Release Earnings on Monday

Two Harbors Investment (NYSE:TWO - Get Free Report) is set 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 participating in the company's conference call can do so using this link.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. The firm had revenue of $115.95 million for the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same period in the prior year, the business posted ($0.04) earnings per share. 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

Two Harbors Investment stock traded down $0.17 during midday trading on Monday, reaching $12.98. The company had a trading volume of 1,110,144 shares, compared to its average volume of 1,081,607. The company has a market capitalization of $1.34 billion, a P/E ratio of 32.07 and a beta of 1.85. Two Harbors Investment has a 12-month low of $9.83 and a 12-month high of $14.59. The firm's fifty day simple moving average is $13.58 and its 200-day simple moving average is $13.17. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 1.08.

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 13.87%. The ex-dividend date is Tuesday, October 1st. Two Harbors Investment's dividend payout ratio is presently 439.02%.

Analyst Ratings Changes

A number of research analysts recently weighed in on TWO shares. Janney Montgomery Scott started coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They issued a "buy" rating and a $15.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of Two Harbors Investment from $12.50 to $13.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 16th. StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a research note on Sunday, October 6th. Compass Point started coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They issued a "buy" rating and a $15.75 target price on the stock. Finally, JMP Securities decreased their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $14.96.

Two Harbors Investment Company Profile

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.