CHIMERA INVT CO/SH NEW (CIM) Scheduled to Post Quarterly Earnings on Wednesday

CHIMERA INVT CO/SH NEW (NYSE:CIM) is scheduled to announce its earnings results before the market opens on Wednesday, October 31st. Analysts expect the company to announce earnings of $0.56 per share for the quarter.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last issued its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.59. CHIMERA INVT CO/SH NEW had a return on equity of 12.60% and a net margin of 50.23%. The business had revenue of $145.17 million during the quarter, compared to analysts’ expectations of $146.90 million. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts expect CHIMERA INVT CO/SH NEW to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE:CIM opened at $17.58 on Tuesday. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.02 and a quick ratio of 0.02. CHIMERA INVT CO/SH NEW has a 1 year low of $15.77 and a 1 year high of $19.35. The stock has a market cap of $3.27 billion, a PE ratio of 7.51 and a beta of 0.56.

A number of analysts have recently issued reports on CIM shares. Deutsche Bank upgraded CHIMERA INVT CO/SH NEW from a “hold” rating to a “buy” rating and decreased their target price for the stock from $19.00 to $18.50 in a report on Wednesday, October 24th. Zacks Investment Research upgraded CHIMERA INVT CO/SH NEW from a “sell” rating to a “hold” rating in a report on Monday, July 9th. Finally, Raymond James started coverage on CHIMERA INVT CO/SH NEW in a report on Thursday, October 11th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.88.

About CHIMERA INVT CO/SH NEW

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

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Earnings History for CHIMERA INVT CO/SH NEW (NYSE:CIM)

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