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Invesco Mortgage Capital Inc (IVR)
NYSE:IVR
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.65Last Year’s EPS
0.86Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for Invesco Mortgage Capital Inc. While there were improvements in the capital structure and a positive start to 2025, the company faced challenges with a negative economic return and a decline in earnings. The underperformance of agency RMBS also contributed to the cautious sentiment around future performance.Company Guidance
During the Invesco Mortgage Capital Inc. Fourth Quarter 2024 Earnings Call, the company presented several key metrics and guidance. The book value per common share decreased by 4.8% to $8.92, contributing to a negative economic return of 0.5% for the quarter, despite a $0.40 per share dividend. As of February 14, 2025, the estimated book value per share was between $8.90 and $9.26. The debt-to-equity ratio rose to 6.7 times due to the redemption of Series E preferred stock and increased repurchase agreements, while 85% of the $5.4 billion investment portfolio was in agency mortgages. Earnings available for distribution fell from $0.68 to $0.53, affected by a one-time charge from redeeming Series B preferred stock. The company also increased its hedge ratio from 83% to 95% and maintained a robust liquidity position with $389 million in unrestricted cash and unencumbered investments. Looking forward, Invesco Mortgage Capital Inc. remains cautiously optimistic about agency RMBS given current valuations and anticipated demand improvements, while also expecting a gradual increase in agency CMBS issuance met with strong investor demand.Improvement in Capital Structure
Invesco Mortgage Capital notably improved its capital structure and reduced its cost of capital by funding the redemption of Series E preferred stock in December with lower-cost repurchase agreements. This resulted in an increase in the debt-to-equity ratio to 6.7 times at the end of the fourth quarter, up from 6.1 times at the end of the third quarter.
Positive Start to 2025
The company reported a modestly positive start to 2025 with interest rate volatility stabilizing and the market's outlook for future monetary policy coalescing around one or two additional cuts in the FOMC this year. Book value per common share increased approximately 2% excluding the dividend approval.
Selective Capitalization on Agency RMBS
Invesco Mortgage Capital continues to capitalize on historically attractive agency RMBS spreads, which are poised to perform well as interest rate volatility continues to moderate.
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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 |
|---|---|---|---|
| Feb 20, 2025 | $8.96 | ― | ― |
| Nov 05, 2024 | $7.74 | $7.60 | -1.81% |
| Aug 08, 2024 | $7.96 | $8.04 | +1.01% |
| May 08, 2024 | $7.96 | $8.05 | +1.13% |
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 Apr 30, 2025, TBA Not Confirmed.
What is Invesco Mortgage Capital Inc (IVR) earnings time?
Invesco Mortgage Capital Inc (IVR) earnings time is at Apr 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 IVR EPS forecast?
IVR EPS forecast for the fiscal quarter 2025 (Q1) is 0.65.
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