Post-Earnings Briefing - Annaly Capital Management Editor Note: For more information about this release, please scroll to bottom.
LONDON, August 14, 2014 /PRNewswire/ --
Investor-Edge.com has issued free post-earnings report and analysis on Annaly Capital Management Inc. (NYSE: NLY) after the company featured in the headlines on Wednesday, August 06, 2014, with its Q2 2014 financial results. The company's GAAP net loss per share widened 14 cents on Q-o-Q basis in Q2 2014. Meanwhile, its core earnings per average common share improved 7 cents sequentially during the reported period. Our free coverage report can be accessed at:
For the second quarter of 2014, the Company's annualized yield on average interest earning assets came in at 3.20%, compared with 3.21% in the previous quarter and 2.54% in the year-ago quarter. Meanwhile, the annualized interest rate spread came in at 1.26% in Q2 2014, compared with 0.90% in the preceding quarter and 1.01% in the year-ago quarter. Annaly Capital Management Inc.'s net capital ratio stood at 15.4% in the second quarter 2014, which is above 13.3% reported in the prior year period, but stood in line with the previous quarter. During the quarter, the company's total other losses stood at $842.03 million, primarily attributable to higher net losses on interest rate swaps, a significant portion of which were realized upon termination of interest rate swap with shorter remaining maturities. Meanwhile, Annaly Capital Management Inc. had reported total other losses of $682.90 million in Q1 2014 and total other income of $1,154.76 million in the year-ago period. The free research on NLY can be downloaded as in PDF format at:
The mortgage REIT's leverage stood at 5.3:1 in the second quarter 2014, compared with 5.2:1 in the preceding quarter and 6.2:1 in the second quarter of 2013. During the quarter, book value per common share was recorded at $13.23, which is 93 cents above $12.30 reported in the prior year quarter and 20 cents above $13.03 in the prior year period. Meanwhile, net interest margin also improved to 1.57% in Q2 2014 from 1.32% in the previous quarter and 1.20% in the prior year period. The company offered an annualized core return on average equity of 9.24% in the quarter under review, compared with 7.68% in the prior quarter and 8.24% in the year-ago period. Sign up and read the free analyst's notes on NLY at:
Wellington J. Denahan, Chairman and Chief Executive Officer of Annaly Capital Management Inc., welcomed the opportunities created by continued reduction of monetary policy influences on the markets. The Chairman further asserted that the company has the ability to sustain attractive risk-adjusted returns in the upcoming quarters.
During the quarter, the New York-based bank reported GAAP net loss available (related) to common stockholders of $335.51 million, or $0.37 loss per common share as compared to GAAP net loss available (related) to common stockholders of $221.34 million or $0.23 loss per common share in the preceding quarter. Meanwhile, the company's GAAP net income available (related) to common stockholders was $16,20.22 million or $1.71 per common share in Q2 2013. Annaly Capital Management Inc. recorded core earnings of $300.43 million, or $0.30 per average common share in Q2 2014, compared with $239.74 million or $0.23 per average common share in the previous quarter and $294.16 million, or $0.29 per average common share in the year-ago quarter. Analysts at Bloomberg expected GAAP net income of $181.27 million, or $0.16 per average common share on core earnings of $267.87 million, or $0.26 per average common share. Visit Investor-Edge and access the latest research on NLY at:
Annaly Capital Management Inc.'s shares gained 1.60% to close the session on Thursday, August 07, 2014, at $11.44. On Wednesday, August 13, 2014, Annaly Capital Management Inc.'s shares further edged 0.17% higher to end the day at $11.51, after vacillating between $11.48 and $11.57. A total of 5.45 million shares were traded, which was below its three months average volume of 7.08 million shares. Annaly Capital Management Inc.'s shares have advanced 0.52% in the previous three trading sessions, 3.04% in the last one month, and 15.45% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages of $11.39 and $11.03, respectively. The stock traded at a PE ratio of 18.87 and has a Relative Strength Index (RSI) of 59.60.
Sneak Peek to Corporate Insider Trading
On August 08, 2014, R. Nicholas Singh, Chief Legal Officer of Annaly Capital Management Inc. bought 122,784 shares worth $1.41 million at an average price of $11.46. Complimentary in-depth research on NLY is available at:
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.