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Angel Oak Mortgage (AOMR)
NYSE:AOMR
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.29Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -11.82%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While the company showed strong growth in net interest income, successful securitization activities, and reduced operating expenses, it faced challenges with a decline in book value, unrealized losses, and increased delinquency rates. The sentiment leans slightly negative due to the significant impact of these challenges.Company Guidance
During the Angel Oak Mortgage REIT Fourth Quarter 2024 Earnings Conference Call, management provided comprehensive guidance on the company's financial performance and strategic direction. They reported a 9% growth in net interest income compared to the third quarter and a net interest margin expansion, highlighting solid financial and operational outcomes. The company completed five securitizations in 2024, surpassing their target of one per quarter, which enhanced capital flexibility and increased portfolio yield. However, the fourth quarter saw a decline in book value due to interest rate volatility, with GAAP net loss of $15 million or $0.65 per share and distributable earnings at $9.9 million or $0.42 per share. The call also emphasized the strategic focus on prudent risk management, disciplined execution, and maintaining a flexible capital deployment strategy to maximize returns. Economic book value per share decreased to $13.10, with the weighted average coupon of the residential whole loan portfolio at 7.39%. The company ended the year with $40.8 million in cash, a loan-to-value ratio of 70.2%, and a weighted average FICO score of 749 for loan purchases. Management expects continued growth in interest income through accretive loan purchases and effective securitization, while maintaining a cautious approach to capital raising and the evolving market dynamics.Net Interest Income Growth
The company reported a 9% growth in net interest income for Q4 2024 compared to Q3, and a 28% increase for the full year 2024 compared to 2023.
Successful Securitization Strategy
Completed five securitizations in 2024, exceeding the target of one per quarter, which enhanced capital flexibility and increased portfolio yield.
Interest Income Improvement
Achieved a 30% improvement in interest income compared to Q4 2023 and a 16% increase compared to Q3 2024.
Reduced Operating Expenses
Operating expenses for Q4 2024 were reduced by 16% compared to Q4 2023, and full-year expenses decreased by approximately 14%.
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AOMR 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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AOMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $9.56 | $9.81 | +2.62% |
| Nov 06, 2024 | $8.47 | $8.95 | +5.67% |
| Aug 06, 2024 | $11.25 | $11.22 | -0.27% |
| May 07, 2024 | $10.14 | $10.10 | -0.39% |
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 Angel Oak Mortgage (AOMR) report earnings?
Angel Oak Mortgage (AOMR) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Angel Oak Mortgage (AOMR) earnings time?
Angel Oak Mortgage (AOMR) earnings time is at May 07, 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 AOMR EPS forecast?
AOMR EPS forecast for the fiscal quarter 2025 (Q1) is 0.29.
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