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AG Mortgage (MITT)
NYSE:MITT
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.24Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 9.50%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a stable performance with highlights such as maintaining book value, increasing dividends, and growth in the home equity securitization market. However, market volatility and spread widening presented challenges. Overall, the company showed resilience in navigating macroeconomic shifts.Company Guidance
During the AG Mortgage Investment Trust's Q1 2025 earnings call, several key financial metrics and strategic initiatives were highlighted. The company reported a stable book value, increasing marginally from $10.64 to $10.65, alongside a significant 5.3% rise in its quarterly dividend to $0.20 per share, resulting in a 2% economic return on equity for the quarter. Despite market volatility in March and April, the firm maintained a strong liquidity position and a low economic leverage ratio of 1.6x. The investment portfolio grew by 6.2% to $7.1 billion, with a focus on the home equity sector, including a $500 million securitization and additional home equity loan acquisitions. Arc Home, AG's mortgage originator, achieved breakeven, with lock volumes increasing by 50% year-over-year. Additionally, the company's GAAP net income available to common shareholders was $6.2 million, or $0.21 per share, and net interest income saw a 5% increase from the prior quarter.Stable Book Value and Dividend Increase
The company's book value remained largely unchanged, moving from $10.64 to $10.65, while supporting a newly increased quarterly dividend of $0.20 per share, resulting in a 5.3% increase.
Strong Liquidity Position
MITT maintained a strong liquidity position with approximately $133 million, consisting of $116 million in cash and $17 million of unencumbered Agency RMBS.
Home Equity Securitization Growth
MITT partnered with a nonbank mortgage originator to issue a $500 million home equity securitization and acquired $130 million of additional home equity loans from various nonbank originators.
Economic Return and Earnings Growth
The company delivered a 2% economic return on equity and reported GAAP net income available to common shareholders of $6.2 million or $0.21 per share, with earnings available for distribution (EAD) increasing to $0.20 per share.
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
MITT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $6.63 | $6.45 | -2.71% |
Mar 03, 2025 | $7.37 | $7.48 | +1.49% |
Nov 05, 2024 | $6.75 | $6.55 | -2.96% |
Aug 02, 2024 | $7.02 | $6.37 | -9.26% |
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.
FAQ
When does AG Mortgage (MITT) report earnings?
AG Mortgage (MITT) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is AG Mortgage (MITT) earnings time?
AG Mortgage (MITT) earnings time is at Jul 31, 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 (Q2) is 0.24.