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Cherry Hill Mortgage (CHMI)
NYSE:CHMI
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.09Last Year’s EPS
$0.17Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -18.87%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there was a strong liquidity position and potential benefits from a changing interest rate environment, the company reported a significant GAAP net loss, a decrease in book value, and increased leverage. The stability in prepayment speeds and potential future interest rate cuts are positive, but the current financial results and market volatility present challenges.Company Guidance
In the Cherry Hill Mortgage Investment Corporation's Q3 2024 earnings call, the company reported a GAAP net loss of $14.8 million, or $0.49 per diluted share, while earnings available for distribution (EAD) were at $2.5 million, or $0.08 per share, impacted by $0.045 per share in special committee expenses. The book value per common share decreased from $4.15 on June 30 to $4.02 on September 30, with financial leverage rising to 5.3x. The company maintained $50 million of unrestricted cash, and the portfolio was evenly split between MSR and RMBS, each representing approximately 42% of equity capital. The MSR portfolio's net CPR averaged 5.5%, while the RMBS portfolio's weighted average 3-month CPR was 5.4%. The interest rate spread for the RMBS portfolio remained at 3.22%, and the company reported comprehensive income of $1.3 million, or $0.04 per share. Looking forward, Cherry Hill expects to continue capital deployment into Agency RMBS for risk-adjusted returns, while closely monitoring macroeconomic trends and potential rate cuts.Earnings Available for Distribution
Generated earnings available for distribution (EAD) of $2.5 million or $0.08 per share, impacted by $0.045 per share of expenses related to the special committee's efforts.
Stable Prepayment Speeds
MSR portfolio's net CPR averaged approximately 5.5% for the third quarter, comparable to the previous quarter, indicating stable prepayment speeds.
Strong Liquidity Position
Ended the quarter with $50 million of unrestricted cash on the balance sheet, maintaining a solid liquidity profile.
Interest Rate Environment
The Fed began a rate cut cycle, with a recent additional 25 basis point cut, potentially benefiting future performance.
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CHMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CHMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $3.18 | $2.86 | -10.06% |
| Aug 08, 2024 | $3.50 | $3.40 | -2.86% |
| May 06, 2024 | $3.28 | $3.20 | -2.44% |
| Mar 07, 2024 | $3.26 | $2.90 | -11.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cherry Hill Mortgage (CHMI) report earnings?
Cherry Hill Mortgage (CHMI) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Cherry Hill Mortgage (CHMI) earnings time?
Cherry Hill Mortgage (CHMI) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CHMI EPS forecast?
CHMI EPS forecast for the fiscal quarter 2024 (Q4) is $0.09.
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