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New York Mortgage Trust (NYMT)
NASDAQ:NYMT
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 10.35%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant improvements in earnings, portfolio growth, and successful asset dispositions, indicating strategic alignment and effective management decisions. However, challenges such as book value volatility and market condition impacts were noted.Company Guidance
During the New York Mortgage Trust's Q3 2024 earnings call, the company highlighted several key metrics reflecting its financial performance and strategic initiatives. The earnings per share increased to $0.36, driven by a strategic shift to high coupon, short-duration credit loans and Agency RMBS, resulting in $100 million of adjusted interest income, marking a 39% year-to-date increase. The company's portfolio grew by $1 billion or 17% from the previous quarter, and the balance sheet expansion was achieved without depleting liquidity, which stood at $408 million by the quarter's end. The adjusted net interest income rose by 22% year-to-date, and GAAP book value saw a 1.4% increase. The firm's focus on securitizations was evident, as it completed six deals in 2024, significantly lowering effective costs and enhancing liquidity management. The company maintained a $0.20 per common share dividend, with an adjusted book value per share at $10.87, even as it managed a higher recourse leverage ratio of 2.6x, demonstrating a robust financial position poised for growth in 2025.Sharp Increase in Earnings
The company reported sharply higher levels of income with earnings per share at $0.36, a significant improvement from the previous quarter.
Portfolio Growth
Portfolio grew by $1 billion or 17% from last quarter, and over 1/3 year-to-date, reaching $6.9 billion as of September.
Increase in Adjusted Interest Income
Adjusted interest income increased by 39% year-to-date and adjusted net interest income increased by 22% year-to-date.
Successful Disposition of Multifamily Real Estate Assets
Disposed of 6 multifamily real estate assets, receiving net proceeds of approximately $34.7 million and realizing $13.6 million of net gains.
Active Securitization Strategy
Completed 6 securitizations in 2024, the most active year of issuance in the firm's history, contributing to stable liquidity management.
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NYMT 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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NYMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $5.41 | $5.57 | +2.96% |
| Jul 31, 2024 | $6.07 | $5.95 | -1.98% |
| May 01, 2024 | $6.35 | $5.67 | -10.71% |
| Feb 21, 2024 | $6.50 | $6.36 | -2.15% |
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 New York Mortgage Trust (NYMT) report earnings?
New York Mortgage Trust (NYMT) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is New York Mortgage Trust (NYMT) earnings time?
New York Mortgage Trust (NYMT) earnings time is at Feb 19, 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 NYMT EPS forecast?
NYMT EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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