New York Mortgage Trust, Inc. (NASDAQ:NYMT) Expected to Announce Quarterly Sales


Analysts forecast that New York Mortgage Trust, Inc. (NASDAQ:NYMT) will report sales of $34.74 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for New York Mortgage Trust’s earnings, with estimates ranging from $32.80 million to $36.67 million. New York Mortgage Trust posted sales of $25.53 million during the same quarter last year, which would indicate a positive year over year growth rate of 36.1%. The firm is scheduled to report its next earnings report on Thursday, November 4th.

On average, analysts expect that New York Mortgage Trust will report full year sales of $133.03 million for the current fiscal year, with estimates ranging from $128.40 million to $137.66 million. For the next fiscal year, analysts expect that the firm will report sales of $166.41 million, with estimates ranging from $143.70 million to $189.11 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover New York Mortgage Trust.

New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings results on Thursday, August 5th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.11. New York Mortgage Trust had a return on equity of 10.13% and a net margin of 148.35%.

Separately, Zacks Investment Research upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Friday, September 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, New York Mortgage Trust presently has a consensus rating of “Hold” and a consensus price target of $4.94.

(Ad)

Scientists have stumbled on a technology that could drive every marijuana “grow op” into bankruptcy.

Early investors have a shot at returns up to 6,077% on the biotech that’s become Wall Street’s “best-kept secret.”

A Senate vote within weeks could change the marijuana industry forever.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC bought a new stake in New York Mortgage Trust during the 2nd quarter worth approximately $33,000. Citizens Financial Group Inc RI bought a new position in shares of New York Mortgage Trust in the 1st quarter worth $45,000. Almanack Investment Partners LLC. bought a new position in shares of New York Mortgage Trust in the 2nd quarter worth $47,000. Catalyst Capital Advisors LLC boosted its position in shares of New York Mortgage Trust by 31.8% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 10,540 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,540 shares during the last quarter. Finally, Prime…



Read MoreNew York Mortgage Trust, Inc. (NASDAQ:NYMT) Expected to Announce Quarterly Sales

0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

0
Would love your thoughts, please comment.x
()
x