Is Annaly Capital Management, Inc. (NLY) Running Out of Gas?

Annaly Capital Management, Inc. (NLY) shares saw a recent bid of $12.29 and 8.47M shares have exchanged hands in the recent trading session, yielding a 1.99% gain over the past week. The stock price increased 1.15% or $-0.14 versus $12.15 at the end of the prior session. This change led market cap to move at $12.52B, putting the price 0.57% below the 52-week high and 25.03% above the 52-week low. The company’s stock has a normal trading capacity of 7.89M shares while the relative volume is 1.07.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $10.97 while $12.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $1.03 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $10.00, which would be decrease of about -19% of its current value. The mean target of $11.00 should be compared with the price when the stock was languishing around $9.83 a share. And it remains to be seen which target price NLY can achieve without sacrificing much as the company is holding a 15.88% gain for the past twelve months.

By historical standards, Annaly Capital Management, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 4.71 times earnings, below the average P/E ratio of 33.28 times earnings. For now, Annaly Capital Management, Inc. is the toast of Wall Street as its ABR stands at 3.30 with 0 out of 8 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Annaly Capital Management, Inc. has a 3.33% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Annaly Capital Management, Inc. has far performed well this year, with the share price up 23.27% since January. Over the past 2 quarters, the stock is up 18.29%, compared with a gain of nearly 12.24% for 3 months and about 7.90% for the past 30 days.

Last time, the company shocked Wall Street by reporting EPS of $0.31, smashing the consensus of $0.30 per share. Revenue for the quarter also killed consensus, coming in at $587.73M, compared to the consensus of 577.14M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.29. The company is expected to report EPS as high as $0.30 and as low as $0.27 per share. Similarly, full-year EPS forecasts have ranged between $1.07 and $1.20. The mean EPS estimate is $1.16. On the other side, sales forecasts for the current quarter are $594.16M. The stock is expected to report revenue as high as $626M and as low as $527M per share. Similarly, full-year sales forecasts have ranged between $2.16B and $2.55B. The mean revenue estimate is $2.4B.

Over the last 5 years, Annaly Capital Management, Inc. has averaged a 30.00% YoY EPS growth rate and a 15.20% revenue growth rate. Analysts are expecting EPS growth rates to be at 234.40% this quarter and EPS estimate for next year reflect -1.38% growth rate.

Sell-side analysts also have something to say about this company. FBR & Co. had a markedly different take on 20/12/2016, proposing that Annaly Capital Management, Inc. is now considered Mkt Perform versus prior Outperform rating. BofA/Merrill had a markedly different take on 15/12/2016, proposing that Annaly Capital Management, Inc. is now considered Underperform versus prior Neutral rating. Compass Point had a markedly different take on 15/06/2016, proposing that Annaly Capital Management, Inc. is now considered Sell versus prior Neutral rating. Compass Point had a markedly different take on 14/03/2016, proposing that Annaly Capital Management, Inc. is now considered Neutral versus prior Buy rating.

Is Annaly Capital Management, Inc. (NLY) Running Out of Gas? was last modified: June 15th, 2017 by Rosemary Becker
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