Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Dynex Capital (DX)
NYSE:DX
Holding DX?
Track your performance easily
Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
<$0.01Last Year’s EPS
-$0.24Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 21, 2024
|% Change Since: 1.78%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call had a balanced sentiment, with notable achievements in dividend increases and economic returns, as well as a favorable investment environment. However, challenges such as a decline in mark-to-market book value, prepayment concerns, repo market volatility, and hedge losses were also discussed.Company Guidance
During the Dynex Capital Q3 2024 earnings call, the management provided a detailed outlook on their financial performance and strategic positioning. They reported a 7% total economic return for the quarter, with a year-to-date economic return of 6.5%. The board approved a 15% increase in the common dividend, raising it from $0.13 to $0.15 per share per month, reflecting confidence in the company's ability to generate robust returns. The company highlighted favorable investment conditions, including declining funding costs and a steepening yield curve, which they believe will support positive returns. They also discussed potential leverage increases, estimating that an increase in leverage invested at 12% could add $0.19 per share per year in economic return. The book value at the end of the quarter was reported at $13 per share, and they raised $56 million in new capital. They continue to maintain a strategic capital allocation, focusing on optimizing their portfolio and capital structure to maximize shareholder value.Increased Dividend
The board voted to increase the common dividend by $0.02 per share per month, representing a 15% increase from $0.13 to $0.15 per share.
Economic Return Achievement
Achieved a 7% economic return for the quarter and 6.5% year-to-date, highlighting the company's ability to navigate the current market environment.
Capital Raising and Liquidity
Raised $56 million of new capital while maintaining ample levels of liquidity to deploy if spreads widen or volatility increases.
Favorable Investment Environment
Positioned to deliver solid results in a favorable return environment with mortgage spreads near historic wides and declining forward financing costs.
---
DX 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
---
DX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $12.35 | $12.27 | -0.65% |
| Jul 22, 2024 | $11.68 | $11.80 | +1.03% |
| Apr 22, 2024 | $10.74 | $10.63 | -1.02% |
| Jan 29, 2024 | $11.40 | $11.53 | +1.14% |
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.
---
FAQ
When does Dynex Capital (DX) report earnings?
Dynex Capital (DX) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Dynex Capital (DX) earnings time?
Dynex Capital (DX) earnings time is at Jan 30, 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 DX EPS forecast?
DX EPS forecast for the fiscal quarter 2024 (Q4) is <$0.01.
---