Is Anworth Mortgage Asset Corporation (ANH) Running Out of Gas?

Anworth Mortgage Asset Corporation (ANH) shares saw a recent bid of $6.28 and 1.41M shares have exchanged hands in the recent trading session, yielding a 1.62% gain over the past week. The stock price increased 1.13% or $-0.07 versus $6.21 at the end of the prior session. This change led market cap to move at $593.90M, putting the price 0.72% below the 52-week high and 40.49% above the 52-week low. The company’s stock has a normal trading capacity of 669.44K shares while the relative volume is 2.16.

 

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $6.00 while $6.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $0 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $6.00, which would be decrease of about -4% of its current value. The mean target of $6.00 should be compared with the price when the stock was languishing around $4.47 a share. And it remains to be seen which target price ANH can achieve without sacrificing much as the company is holding a 34.48% gain for the past twelve months.

 

By historical standards, Anworth Mortgage Asset Corporation remains a cheap stock. The company’s current price-earnings ratio amounts to 12.73 times earnings, below the average P/E ratio of 33.54 times earnings. For now, Anworth Mortgage Asset Corporation is the toast of Wall Street as its ABR stands at 3.00 with out of 4 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Anworth Mortgage Asset Corporation has a 2.11% 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. Anworth Mortgage Asset Corporation has far performed well this year, with the share price up 21.47% since January. Over the past 2 quarters, the stock is up 20.54%, compared with a gain of nearly 13.36% for 3 months and about 7.90% for the past 30 days.

 

Revenue for the quarter also did not kill consensus, coming in at $16.18M, compared to the consensus of 17.19M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $. The company is expected to report EPS as high as $ and as low as $ per share. Similarly, full-year EPS forecasts have ranged between $6.45 and $1.16. The mean EPS estimate is $19.16. On the other side, sales forecasts for the current quarter are $16.18M. The stock is expected to report revenue as high as $1.02M and as low as $5.91M per share. Similarly, full-year sales forecasts have ranged between $41.46M and $8.25M. The mean revenue estimate is $11.65M.

 

Over the last 5 years, Anworth Mortgage Asset Corporation has averaged a -29.40% YoY EPS growth rate and a -8.60% revenue growth rate. Analysts are expecting EPS growth rates to be at 105.20% this quarter and EPS estimate for next year reflect -7.68% growth rate.

 

Sell-side analysts also have something to say about this company. Compass Point had a markedly different take on 24/03/2014, proposing that Anworth Mortgage Asset Corporation is now considered Neutral versus prior Buy rating. Deutsche Bank had a markedly different take on 17/07/2013, proposing that Anworth Mortgage Asset Corporation is now considered Hold versus prior Buy rating. Deutsche Bank analysts stated on 30/04/2013 that they maintained their Buy rating. Deutsche Bank analysts stated on 08/02/2013 that they maintained their Buy rating.

 

 

Is Anworth Mortgage Asset Corporation (ANH) Running Out of Gas? was last modified: June 19th, 2017 by Caleb Gerald
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