Angel Oak Mortgage REIT (AOMR) Set to Announce Earnings on Wednesday

Angel Oak Mortgage REIT (NYSE:AOMR) will release its earnings data before the market opens on Wednesday, November 6th. Analysts expect Angel Oak Mortgage REIT to post earnings of $0.19 per share for the quarter. Parties interested in registering for 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 the consensus estimate of $0.11 by ($0.23). Angel Oak Mortgage REIT had a negative return on equity of 6.67% and a net margin of 49.69%. The company had revenue of $25.90 million for the quarter, compared to analysts’ expectations of $25.50 million. 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 Stock Up 1.9 %

Shares of NYSE:AOMR opened at $9.13 on Tuesday. The company has a quick ratio of 16.23, a current ratio of 16.23 and a debt-to-equity ratio of 5.36. The company has a market capitalization of $212.91 million, a P/E ratio of 4.61 and a beta of 1.44. Angel Oak Mortgage REIT has a 52-week low of $8.46 and a 52-week high of $13.31. The stock’s fifty day simple moving average is $10.20 and its 200-day simple moving average is $11.35.

Insider Activity at Angel Oak Mortgage REIT

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

Wall Street Analyst Weigh In

Separately, BTIG Research began coverage on shares of Angel Oak Mortgage REIT in a research note on Wednesday, July 31st. They set a “buy” rating and a $13.50 price target on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Angel Oak Mortgage REIT currently has a consensus rating of “Hold” and a consensus price target of $11.50.

About Angel Oak Mortgage REIT

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.