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Cherry Hill Mortgage (CHMI)
NYSE:CHMI
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -2.81%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. Highlights included the successful internalization of management, which is expected to reduce operating expenses, and strong liquidity and leverage management. However, these positives were offset by challenges such as a decline in book value, the impact of higher rates and increased volatility on the RMBS portfolio, and lower earnings available for distribution.Company Guidance
In the Cherry Hill Mortgage Investment Corporation's fourth quarter 2024 earnings call, the management provided key guidance metrics and insights into their financial performance and strategic direction. The ten-year yield closed the year at 4.57%, marking an increase of nearly eighty basis points quarter over quarter, as inflation remained stubborn. Cherry Hill's RMBS portfolio experienced spread widening due to higher rates and volatility, but this was partially offset by gains in their MSR portfolio. The company completed the internalization of management, which is expected to reduce operating expenses by $1.1 to $1.6 million in 2025, translating to a three to five cents per common share saving. For the quarter, Cherry Hill reported a GAAP net income of $0.29 per diluted share and earnings available for distribution (EAD) of $3.3 million, or ten cents per share. The company's book value per common share decreased from $4.02 to $3.82, and their financial leverage remained steady at 5.3 times. Looking ahead, Cherry Hill plans to focus on agency RMBS and select MSRs, maintaining strong liquidity and prudent leverage, and adapting their strategy to the evolving macroeconomic environment.Completion of Internalization of Management
The company successfully completed the internalization of management, aligning management and shareholders more closely and eliminating conflicts of interest. This move is expected to reduce operating expenses in 2025 by $1.1 to $1.6 million, or three to five cents per common share.
Strong Liquidity and Prudent Leverage
The company ended the quarter with $46 million of unrestricted cash on the balance sheet and maintained a solid liquidity profile with financial leverage remaining consistent at 5.3 times.
Increased MSR Portfolio Value
The MSR portfolio saw gains quarter over quarter, with a UPB of $17.3 billion and a market value of approximately $234 million.
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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 |
|---|---|---|---|
| Mar 06, 2025 | $3.20 | $3.42 | +6.87% |
| Nov 12, 2024 | $2.88 | $2.59 | -10.07% |
| Aug 08, 2024 | $3.16 | $3.07 | -2.85% |
| May 06, 2024 | $2.96 | $2.90 | -2.03% |
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 May 12, 2025, TBA Not Confirmed.
What is Cherry Hill Mortgage (CHMI) earnings time?
Cherry Hill Mortgage (CHMI) earnings time is at May 12, 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 2025 (Q1) is 0.14.
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