Dynex Capital Inc. Third Quarter Earnings Sneak Peek

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Dynex Capital Inc. (NYSE:DX) will unveil its latest earnings on Tuesday, November 1, 2011. Dynex Capital is a real estate investment trust that invests in mortgage loans and securities on a leveraged basis.

Dynex Capital Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 31 cents per share, a decline of 6.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 34 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 9.2% versus last year to $1.28.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the second quarter, profit rose 87.1% to $13.6 million (34 cents a share) from $7.3 million (38 cents a share) the year earlier. Revenue rose 68.8% to $22.1 million from $13.1 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 47.3%, with the biggest boost coming in the most recent quarter when revenue rose 68.8% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 85.7% in the first quarter and more than twofold in the fourth quarter of the last fiscal year.

Competitors to Watch: PennyMac Mortgage Investment Trust (NYSE:PMT), Redwood Trust, Inc. (NYSE:RWT), Anworth Mortgage Asset Corp. (NYSE:ANH), New York Mortgage Trust, Inc. (NASDAQ:NYMT), ARMOUR Residential REIT, Inc. (AMEX:ARR), American Capital Agency Corp. (NASDAQ:AGNC), MFA Financial, Inc. (NYSE:MFA).

Stock Price Performance: During October 21, 2011 to October 27, 2011, the stock price had risen 78 cents (9.5%) from $8.18 to $8.96. It saw one of its worst periods between July 22, 2011 and July 29, 2011 when shares fell for six-straight days, falling 6.7% (-63 cents) over that span. The stock price saw one of its best stretches over the last year between September 13, 2011 and September 19, 2011 when shares rose for five-straight days, rising 4.3% (+36 cents) over that span. Shares are down $1.06 (-10.6%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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