ValuEngine Upgrades Western Asset Mortgage Capital (WMC) to Hold
Western Asset Mortgage Capital (NYSE:WMC) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Western Asset Mortgage Capital stock opened at $9.66 on Thursday. Western Asset Mortgage Capital has a twelve month low of $8.54 and a twelve month high of $11.38. The company has a market cap of $417.00 million, a PE ratio of 8.40 and a beta of 0.46. The company has a quick ratio of 832.49, a current ratio of 832.49 and a debt-to-equity ratio of 9.98.
Western Asset Mortgage Capital (NYSE:WMC) last released its earnings results on Monday, August 6th. The financial services provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. Western Asset Mortgage Capital had a net margin of 37.46% and a return on equity of 11.92%. The firm had revenue of $19.02 million during the quarter, compared to the consensus estimate of $19.90 million. During the same period in the prior year, the firm earned $0.32 EPS.
Western Asset Mortgage Capital Company Profile
Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, and other financial assets.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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