Angel Oak Mortgage REIT (AOMR) Scheduled to Post Quarterly Earnings on Wednesday

Angel Oak Mortgage REIT (NYSE:AOMR) will issue its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.23). The company had revenue of $25.90 million during the quarter, compared to analyst estimates of $25.50 million. Angel Oak Mortgage REIT had a net margin of 49.69% and a negative return on equity of 6.67%. On average, analysts expect Angel Oak Mortgage REIT to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Angel Oak Mortgage REIT Price Performance

NYSE AOMR opened at $9.13 on Tuesday. Angel Oak Mortgage REIT has a 1 year low of $8.46 and a 1 year high of $13.31. The stock’s 50-day moving average price is $10.20 and its two-hundred day moving average price is $11.35. The company has a market cap of $212.91 million, a PE ratio of 4.61 and a beta of 1.44. The company has a current ratio of 16.23, a quick ratio of 16.23 and a debt-to-equity ratio of 5.36.

Analyst Upgrades and Downgrades

Separately, BTIG Research assumed coverage on shares of Angel Oak Mortgage REIT in a research report on Wednesday, July 31st. They set a “buy” rating and a $13.50 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.50.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other news, CFO Brandon Filson sold 22,894 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $11.02, for a total transaction of $252,291.88. Following the transaction, the chief financial officer now owns 75,818 shares in the company, valued at $835,514.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Angel Oak Mortgage REIT news, CFO Brandon Filson sold 22,894 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $11.02, for a total value of $252,291.88. Following the completion of the sale, the chief financial officer now owns 75,818 shares of the company’s stock, valued at $835,514.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Morgan sold 4,377 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $12.17, for a total value of $53,268.09. Following the completion of the sale, the director now owns 33,059 shares of the company’s stock, valued at approximately $402,328.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,571 shares of company stock worth $403,502 over the last ninety days. 2.50% of the stock is currently owned by insiders.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc, a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. It offers investment securities; residential mortgage loans; and commercial mortgage loans.