Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) residential real estate finance firm, is reporting second quarter earnings results on Monday 10th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.28 per share.
For the full year, analysts predict revenues of $ 25.14 million, while looking forward to income of $ 1.32 per share.
Previous Quarter Performance
Cherry Hill Mortgage Investment Corporation communicated income for the first quarter of $ 0.47 per share, from the revenue of $ 7.96 million. Street analysts expected $ 4.48 million. The bottom line results street analysts by $ 0.04 or , at the same time, top line results outshined analysts by $ 3.48 million or 77.68 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CHMI was $ 9.96, representing a 260.87 % increase from the 52 week low of $ 2.76 and a 39.05 % decrease over the 52 week high of $ 16.34.
The company has a market capital of $ 169.86 million and is part of the Real Estate sector and REIT – Residential industry.
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Recent Analyst recommendations
- On 7th July 2020, maintained by JMP Securities at Market Outperform rating, with $ 10.50 target price.
Conference Call
Cherry Hill Mortgage Investment Corporation will be hosting a conference call at 5:00 PM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.chmireit.com
Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets.
