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Two Harbors Investment Corp. (TWO)
:TWO
Holding TWO?
Track your performance easily
Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.39Last Year’s EPS
-0.11Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -3.16%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with notable achievements in economic returns and MSR portfolio stability. However, challenges such as a decrease in book value and increased net interest expense were also highlighted, resulting in a cautiously optimistic outlook.Company Guidance
During the earnings call for Two Harbors Investment Corp (TWO) discussing Q3 2024 results, several key metrics and strategic insights were highlighted. The company's book value per common share was reported at $14.93 as of September 30, which, including a $0.45 per share common stock dividend, resulted in a 1.3% quarterly economic return on book value. Over the first nine months of 2024, the total economic return on book value was 7.0%. Comprehensive income for the third quarter was $19.3 million or $0.18 per weighted average common share. Significant portfolio activities included a $22.4 million UPB of first mortgage originations and approximately $35 million in the pipeline, alongside $7.5 million UPB of second lien loans brokered. The MSR (Mortgage Servicing Rights) portfolio stood at $203 billion UPB at the end of September, with a price multiple of 5.6x. The company also noted that only 1% of their MSR portfolio had a rate refinance incentive of 50 basis points or more, emphasizing its low prepayment risk. The strategic focus remains on leveraging MSR as a core part of their investment strategy, complemented by RMBS with a static return estimate of 12-14%, aiming to deliver attractive returns across various market environments.Economic Return on Book Value
For the first 9 months of 2024, TWO generated a 7.0% total economic return on book value, demonstrating strong returns across market environments.
MSR Portfolio Stability
The MSR portfolio has a low gross weighted average coupon (WACC) of 3.5%, with only 1% having a rate refinance incentive, indicating stability even if rates drop.
Direct-to-Consumer Channel Development
TWO's direct-to-consumer channel closed and funded $22.4 million UPB of first mortgages, with plans to scale up to 30 loan officers by year-end from a small team of 3-5.
Agency RMBS Performance
Specified pools outperformed TBAs, particularly higher coupons, and TWO added about $300 million in loan balance 6.5 pools in Q3.
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TWO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TWO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $12.33 | $11.52 | -6.57% |
| Jul 30, 2024 | $12.83 | $12.54 | -2.26% |
| Apr 29, 2024 | $11.32 | $11.36 | +0.35% |
| Jan 29, 2024 | $11.85 | $11.08 | -6.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Two Harbors Investment Corp. (TWO) report earnings?
Two Harbors Investment Corp. (TWO) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Two Harbors Investment Corp. (TWO) earnings time?
Two Harbors Investment Corp. (TWO) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TWO EPS forecast?
TWO EPS forecast for the fiscal quarter 2024 (Q4) is 0.39.
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