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Annaly Capital Management Inc (NLY)
NYSE:NLY
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.67Last Year’s EPS
0.68Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 1.54%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong economic performance and successful strategic initiatives, including significant capital raises and portfolio growth. However, uncertainties related to market volatility and future dividend outlook presented challenges. Overall, the highlights significantly outweighed the lowlights, indicating a strong performance and positive outlook.Company Guidance
In the third-quarter 2024 earnings call for Annaly Capital Management, the company provided comprehensive guidance across several metrics. Annaly reported an economic return of 4.9% for Q3 and 10.5% year-to-date, with earnings available for distribution exceeding their dividend. The company raised $1.2 billion of accretive common equity during the quarter and maintained economic leverage at 5.7 turns. The agency portfolio grew by over $4 billion due to capital raises and price appreciation, while the residential credit portfolio reached $6.5 billion, supported by $3.3 billion in securitizations since the beginning of Q3. The MSR portfolio remained robust at $2.8 billion in market value. Annaly's book value per share increased to $19.54, and the company reported a 4.9% economic return for the quarter. The earnings available for distribution per share remained robust, with average asset yields ex-PAA rising to 5.25%. The company also highlighted strategic developments, including a new subservicing partnership with Rocket Mortgage. Looking ahead, Annaly expressed optimism regarding its business model, citing the Federal Reserve's rate cuts and a supportive environment for agency MBS and its diversified housing finance strategies.Strong Economic Return
Annaly generated an economic return of 4.9% for Q3 and 10.5% year-to-date.
Capital Raise Success
Raised $1.2 billion of accretive common equity since the beginning of the third quarter, with 40% from negotiated sales.
Agency MBS Portfolio Growth
Agency portfolio grew by over $4 billion notional, with high-quality specified pools outperforming.
Residential Credit Achievements
Priced 6 securitizations totaling $3.3 billion in UPB since Q3 start; 18 securitizations totaling $9.4 billion in 2024.
Book Value Per Share Increase
Book value per share increased from $19.25 to $19.54.
MSR Business Growth
MSR portfolio ended Q3 at $2.8 billion in market value, with a notable partnership with Rocket Mortgage.
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NLY 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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NLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $18.87 | $19.02 | +0.79% |
| Jul 24, 2024 | $18.60 | $18.36 | -1.29% |
| Apr 24, 2024 | $16.80 | $16.90 | +0.60% |
| Feb 07, 2024 | $16.24 | $16.44 | +1.23% |
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 Annaly Capital Management Inc (NLY) report earnings?
Annaly Capital Management Inc (NLY) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Annaly Capital Management Inc (NLY) earnings time?
Annaly Capital Management Inc (NLY) earnings time is at Feb 05, 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 NLY EPS forecast?
NLY EPS forecast for the fiscal quarter 2024 (Q4) is 0.67.
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