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Annaly Capital Management Inc (NLY)
NYSE:NLY
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.7Last Year’s EPS
0.64Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: 9.97%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong economic returns and growth in key segments such as Residential Credit and MSR portfolios. The increase in earnings available for distribution and successful capital raising were also positive aspects. However, the decrease in book value per share and losses in certain portfolios were notable challenges.Company Guidance
During the Q4 2024 Annaly Capital Management earnings call, the company reported an economic return of 1.3% for the quarter and a full-year return of 11.9%, highlighting the strength of its diversified housing finance portfolio. The firm’s economic leverage decreased to 5.5x, driven by increased capital deployment in the lower-levered credit and mortgage servicing rights (MSR) businesses. Earnings available for distribution rose to $0.72 per share, supported by lower financing costs and a steepening yield curve. Annaly raised over $400 million in common equity in Q4, totaling $1.6 billion for the year. The Agency MBS portfolio ended the year with a market value of $71 billion, while the Residential Credit portfolio grew to $7 billion. The MSR business saw a 25% year-over-year increase, ending Q4 with a market value of $3.3 billion. The company remains optimistic about its strategies and anticipates continued growth in 2025, with a focus on maintaining a conservative hedge profile amidst ongoing market volatility.Strong Economic Return
Annaly Capital Management reported an economic return of 1.3% for Q4 2024 and 11.9% for the full year, highlighting the strength and diversity of their portfolio in volatile fixed income markets.
Increase in Earnings Available for Distribution
Earnings available for distribution rose $0.06 to $0.72 per share, driven by lower financing costs and a steepening yield curve.
Successful Capital Raising
Annaly raised over $400 million of accretive common equity in Q4, bringing the total capital raised in 2024 to $1.6 billion.
Growth in Residential Credit Portfolio
The Residential Credit portfolio grew approximately $500 million quarter-over-quarter, with a focus on organic strategy and whole loan and retained OBX assets.
MSR Portfolio Growth
The MSR portfolio ended the fourth quarter at $3.3 billion in market value, representing a roughly 25% increase year-over-year.
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NLY 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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NLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $19.76 | $20.47 | +3.59% |
| Oct 23, 2024 | $18.87 | $19.02 | +0.79% |
| Jul 24, 2024 | $18.60 | $18.36 | -1.29% |
| Apr 24, 2024 | $16.80 | $16.90 | +0.60% |
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 Annaly Capital Management Inc (NLY) report earnings?
Annaly Capital Management Inc (NLY) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Annaly Capital Management Inc (NLY) earnings time?
Annaly Capital Management Inc (NLY) earnings time is at Apr 23, 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 NLY EPS forecast?
NLY EPS forecast for the fiscal quarter 2025 (Q1) is 0.7.
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