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AG Mortgage (MITT)
NYSE:MITT
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: 0.40%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant achievements in book value increase, economic return on equity, and successful acquisition results. However, some concerns remain with the flat book value in January and previous losses contributed by Arc Home. Overall, the highlights significantly outweigh the lowlights.Company Guidance
During the AG Mortgage Investment Trust Inc. fourth quarter 2024 earnings call, management provided several key financial metrics, demonstrating the company's robust performance amid challenging market conditions. For the fourth quarter, the company reported an increase in book value by 0.6%, moving from $10.58 to $10.64, and delivered a 2.4% economic return on equity. For the full year 2024, the quarterly dividend was increased by 5.6%, contributing to an annual economic return on equity of 11.7%. The economic leverage ratio was maintained at 1.4 turns, down from 2.7 turns when the CEO took over in October 2022, showcasing disciplined financial management. Additionally, the successful acquisition of WMC led to a more than 45% increase in market cap and a 15% total stockholder return since the transaction, highlighting the company's strategic growth initiatives.Increase in Book Value
The book value increased by 0.6% from $10.58 to $10.64 during the fourth quarter, with an annual increase of 4.3%.
Economic Return on Equity
AG Mortgage Investment Trust delivered an 11.7% economic return on equity for shareholders in 2024.
Dividend Increase
The quarterly dividend was increased by 5.6% earlier in the year.
Successful WMC Acquisition
The acquisition of WMC increased the market cap by over 45% and resulted in a total stockholder return of more than 15%.
Arc Home Profitability
Arc Home achieved profitability in December and January after investments in new leadership positions.
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MITT 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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MITT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | $7.57 | $7.69 | +1.59% |
| Nov 05, 2024 | $6.93 | $6.73 | -2.89% |
| Aug 02, 2024 | $7.21 | $6.54 | -9.29% |
| May 03, 2024 | $5.31 | $5.78 | +8.85% |
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 AG Mortgage (MITT) report earnings?
AG Mortgage (MITT) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is AG Mortgage (MITT) earnings time?
AG Mortgage (MITT) earnings time is at May 02, 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 MITT EPS forecast?
MITT EPS forecast for the fiscal quarter 2025 (Q1) is 0.22.
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