Many Capstead Mortgage Corporation(CMO) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Capstead Mortgage Corporation was Downgraded by Wells Fargo to Market Perform on Feb 7, 2017.
Capstead Mortgage Corporation Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.19. The company had revenue of $20.85 million for the quarter, compared to analysts expectations of $25.58 million. The companys revenue was down -33.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.
Capstead Mortgage Corporation (NYSE:CMO) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 3 by 2 Brokerage Firm. 2 Brokerage Firms have advised hold.
Capstead Mortgage Corporation (NYSE:CMO): The mean estimate for the short term price target for Capstead Mortgage Corporation (NYSE:CMO) stands at $10.67 according to 3 Analysts. The higher price target estimate for the stock has been calculated at $12 while the lower price target estimate is at $10.
Capstead Mortgage Corporation (NYSE:CMO) witnessed a decline in the market cap on Tuesday as its shares dropped 0.38% or 0.04 points. After the session commenced at $10.53, the stock reached the higher end at $10.56 while it hit a low of $10.45. With the volume soaring to 858,364 shares, the last trade was called at $10.5. The company has a 52-week high of $10.96. The company has a market cap of $1,008 million and there are 95,989,000 shares in outstanding. The 52-week low of the share price is $8.93.
Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a self-managed real estate investment trust for federal income tax purposes. Capsteads core investment strategy is managing a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of ARM securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae. Agency-guaranteed residential mortgage securities carry an implied AAA credit rating with limited, if any, credit risk.