Western Asset Mortgage Capital (WMC) Issues Quarterly Earnings Results

Western Asset Mortgage Capital (NYSE:WMC) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01, Briefing.com reports. Western Asset Mortgage Capital had a return on equity of 11.92% and a net margin of 37.46%. The company had revenue of $15.94 million for the quarter, compared to the consensus estimate of $19.20 million. During the same quarter last year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was down 14.1% compared to the same quarter last year.

WMC stock traded down $0.11 during midday trading on Thursday, hitting $10.10. 435,685 shares of the company traded hands, compared to its average volume of 348,380. The company has a market cap of $424.49 million, a PE ratio of 8.77 and a beta of 0.43. The company has a quick ratio of 832.49, a current ratio of 832.49 and a debt-to-equity ratio of 9.98. Western Asset Mortgage Capital has a twelve month low of $8.54 and a twelve month high of $11.38.

The business also recently declared a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Thursday, September 27th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, September 26th. This represents a $1.24 annualized dividend and a yield of 12.28%. Western Asset Mortgage Capital’s dividend payout ratio (DPR) is presently 107.83%.

Separately, ValuEngine upgraded Western Asset Mortgage Capital from a “sell” rating to a “hold” rating in a report on Thursday, October 11th.

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About Western Asset Mortgage Capital

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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Earnings History for Western Asset Mortgage Capital (NYSE:WMC)

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