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Invesco Mortgage Capital Inc (IVR)
NYSE:IVR
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.67Last Year’s EPS
$0.95Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 2.83%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the company showed a positive economic return and strategic growth in the Agency CMBS portfolio, it faced challenges with a decline in earnings available for distribution, decreased book value, and increased leverage. The sentiment is neutral as both highlights and lowlights were balanced.Company Guidance
During the third quarter of 2024, Invesco Mortgage Capital reported a 1.1% increase in book value per common share to $9.37, with an economic return of 5.4% when combined with a $0.40 common stock dividend. The company’s debt-to-equity ratio increased to 6.1x, while economic debt-to-equity also stood at 6.1x. The investment portfolio totaled $5.9 billion, including $5.2 billion in agency mortgages and $0.7 billion in Agency CMBS, supported by $520 million in unrestricted cash and unencumbered investments. Earnings available for distribution per common share were $0.68, down from $0.86 in the previous quarter, impacted by changes in the hedging portfolio. Looking forward, the company plans to redeem Series B preferred shares to optimize capital structure, with a focus on agency mortgages and Agency CMBS against a backdrop of potential monetary policy easing and increased volatility due to upcoming U.S. elections.Positive Economic Return
The company achieved an economic return of 5.4% for the quarter, consisting of a 1.1% increase in book value per common share to $9.37 and a $0.40 common stock dividend.
Agency CMBS Portfolio Growth
The Agency CMBS portfolio increased to approximately 12% of the total investment portfolio, with $214 million purchased in the third quarter, highlighting a strategic shift to diversify risk.
Strong Liquidity Position
The company maintained a sizable balance of unrestricted cash and unencumbered investments totaling $520 million, providing a cushion for market volatility.
Capital Structure Optimization
The announcement to redeem Series B preferred shares will optimize the capital structure and reduce dividend obligations.
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IVR 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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IVR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $8.14 | $7.99 | -1.84% |
| Aug 08, 2024 | $8.37 | $8.45 | +0.96% |
| May 08, 2024 | $8.36 | $8.46 | +1.20% |
| Feb 22, 2024 | $7.55 | $7.55 | 0.00% |
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 Invesco Mortgage Capital Inc (IVR) report earnings?
Invesco Mortgage Capital Inc (IVR) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Invesco Mortgage Capital Inc (IVR) earnings time?
Invesco Mortgage Capital Inc (IVR) earnings time is at Feb 19, 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 IVR EPS forecast?
IVR EPS forecast for the fiscal quarter 2024 (Q4) is $0.67.
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